How many lawsuits can the WTBTS absorb?

by Coded Logic 15 Replies latest watchtower beliefs

  • Coded Logic
    Coded Logic

    It seems like the society has been desperately seeking ways to cut costs and boost reviniew (jw.org, kingdom hall programs, etc) over the past four or five years. Is this because donations are actually down? Or have they been preparing themselves for these lawsuits? If so, how many can they possibly absorb. Ten million dollars a pop is not sustainable even for a corporation as big as the BORG. And how long before the R&F start seeing these cases in the news all the time? The more cases in the spotlight - the more JWs will come out with their own bad experiances. Creating even more lawsuits.

    Even if they changed their 2 witness policy today there are still hundreds of potential lawsuits from molestations that happened over the past few decades.

  • Phizzy
    Phizzy

    They may be preparing to go Bankrupt. This may sound ridiculous when you think of the income they have had over the years and the Billons of $ they have raked in recently through sales of Property.

    But it is quite an easy thing to do with their multiple Corporations and their links with Private Equity firms, Hedge Funds etc.

    This would leave the poor victims with no assets of the WT to pay any compensation, and a huge fund of money somewhere that no one will be able to trace.

    There would be investigations of course, misuse of charitable funds etc, but these will get nowhere.

  • Calebs Airplane
    Calebs Airplane

    Multiply the San Diego settlement by about 350 or so and you might start to make a dent. The Rothschilds are experts at hiding and moving money between their thousands of Watchtower shell companies, so no one will ever really know just how many $Billions were fleeced from the flock over the past 140 years and then stashed away...

  • Ocean1111
    Ocean1111

    They liquidated at least 500 million in real estate investments, in the public record, in 4 years or so. Maybe as high as 900 million. So they can handle plenty of suits, but if that liquidation disappears in the hedges, as some speculate, then Bethel will be bare boned when the tsunami of litigation arrives. It seems Bethel is liquidating to keep the profit now, vanishing into the hedges later, basically gone as it goes in, then they can just abandon the infrastructural bones to the front end litigations, and there by the internal guidance system will still profit as the ship goes down, and those assets will have been disappearing since say 2010 in bulk.

    They are doing the opposite of preparing for the front end lawsuits imo, they are "hedging" to get out with the real loot on the back end. The rest (the leftovers) can then just fall into recievership and seizure and to them who really cares at the front end. JWs are left holding the bag, the place is derailed, and they just call off the ministry to further the delay process. They sell that to JWs as "the end", and though it is not the end, it will provide the needed cover for a few years for all the Bethel rats to vanish with their nice JW bonuses, and whose the wiser?

    Not JWs, they will be trying to figure out the riddle a few years, imo, and by then it won't matter, it was an override and scam since the GB took the coup in 1976, this just completes the process, and for it to have completed in around 40 years is actually not that unbelievable. The legal entanglements ensure the forensics to uncover the real reality will be impossible for the average JW, it may as well have been Enron. JWs will have been outstripped by actors and the sheer complexity and scale of the org, and its international capabilities of hiding assets for good.

    The scale of the recent real estate liquidations is what may be the biggest red flag of recent note. Who needs to dump 700 million in US real estate? What about international investments? What about non real estate assets? Then the real number can be in billion or two billion range, and we realize overall this is a big score, and JWs are the perfect dummies to have played this on, imo.

    The national litigations are just the nail in the coffin that will have to complete liquidation of Bethel's bones, to settle final litigation judgment, because the meat will be long gone, and that is where JWs can be tangled for quite some time just trying to figure out how to save their own hall. Quite a mess is theoretically closing around JWs, the proper "earthquake" in financial terms is all that is needed as the global context of that "tsunami".

    But it is just complex enough to require a few years to really run the whole gutting and "bone saw" operation of Bethel's corporate cadaver, imo. It won't be, imo, an overnight take down, and so they need to have a smokescreen of misapplied prophecy to cover the first waves of the tsunami for JWs to buy it all as "prophecy fulfilling brothers!", "persecution!".

    Yet Bethel actual criminal racketeering is what is actually being dealt with, not "persecution" but long overdue justice for REAL crimes. Of course that is all filtered from the JW tainted diet of "truth" from the Bethel pro liars.

    It is all very convenient in overall possibilities of what can actually befall JW global proper.

  • punkofnice
    punkofnice

    Or possibly ask

    How many lawsuits can the rank and file(tm) afford to stump up for?

  • Band on the Run
    Band on the Run

    There is not a glut of law suits. The cases so far present issues of notice. Unless the database does exist and I see no proof that it does, the WT is protected from liability for most routine sex abuse cases.

  • Separation of Powers
    Separation of Powers

    as many as the ATM machines at the assemblies can spew out

  • LoveUniHateExams
    LoveUniHateExams

    In answer to the OP I don't know.

    'The more cases in the spotlight - the more JWs will come out with their own bad experiances. Creating even more lawsuits' - f**king good!

    Those b*****ds at Bethel deserve it. I hope the WTS sinks without trace.

    Excellent question, punkofnice. But if these True Believers TM believe that their eternal salvation depends on this then a reasonable answer to your question might be: very many indeed.

  • JeffT
    JeffT

    Band, your legal opinion is wanted here. I keep saying that I don't think they can hide assets by buying property, or investing in mutual funds or whatever. As long as the WTBS controls the asset, somebody could potentially get it, even in a bankruptcy. Am I correct? They might hide it for awhile, but if there's enough money at stake, spending some on forensic accountants to find it becomes profitable.

    Obviously, they could put it in offshore accounts, but too much of that will mean they can't operated here any more.

  • sloppyjoe2
    sloppyjoe2

    Well the real question is not how many lawsuits can they absorb but how many would they have to pay. So far these headlines are just headlines, they very well could end up winning in the appeals and pay nothing.

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