Kingdom Hall Money Grab Was for Child Abuse – It’s Completely Clear

by thedepressedsoul 35 Replies latest watchtower child-abuse

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  JWdaughter

  I think that it isn't that hard to liquidate.. . lots of cash can buy things that are ostensibly the organizations, but which are portable and easily disposed of (gold, jewelry, cash). If there are accounts overseas of investments, or even here, if they get it out, put in into cash and leave, they are guilty, but easily out of reach of anyone who would go after them for it. Someone would have to clean up the mess. . . but it wouldn't be THEM.

  There is a possibility that years ago I read too much John Grisham, but I don't think this stuff is rocket science.
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  Vidiot

  Driving Force - "Not possible as long as they are a non-profit organization."

  What; you think there aren't ways around that?

  Please.
• 

  Driving Force

  

  Vidiot

  
  

  You seem to know how.
  Then please let me know how they can do it.

  I'll remind you if I do not get an answer.
  
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  Vidiot

  I don't know of any, personally; I'm not a non-profit corporation.

  Pretty sure crooked non-profits do, though.

  IMO, to assume otherwise is naïve.
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  Driving Force

  

  Vidiot

  But seriously, I do not think they would risk losing the non-profit status just for personal gain, we are talking about billions. But deliberately losing the non-profit status may well bring them personal gain.

  To give up the non-profit status voluntarily they would have to distribute all the assets to other non-profit organizations, I am not sure what would happen if the status was taken away from them. Certainly they would be taxed.
  
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  Sofia Lose

  And let me tell you all that this is not the only religion that provides a safe heaven for all type of abusers.

  How I wish that it was a Federal crime throughout the USA to not turn in abusers to the legal authorities. Punishable by loss of tax exemption. If so, you would sure see the Org and all other religious orgs changing their policies.

  SL
• 

  XBEHERE

  being just too many cases for their 90$ per month lawyers to handle

  I believe they get $140 a month now in the US.
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  Finkelstein

  Things to remember is the WTS. recently forgave loans issued out to select congregations that asked for one for renovations on their Halls.

  The WTS. has millions on hand, more enough to cover law suits as long as they dont go out of control in numbers.

  Personally I think the money mangers of the WTS are bunch unprofessional spin heads.

  The recent plea for money may have very well occurred by that forgiveness of those loans and the realization that the WTS hasn't received what they expected to receive from the new pay arrangement.
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  Finkelstein

  There something fishy going on though, when its realized now that the WTS has instituted a monthly pay arrangement which supposedly was prearanged and devsied by a congregational approved amount ?

  Wes the WTS being too optimistic into the receivables they were to bring in ?
  
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  Half banana

  Yes Fink, they are still very rich but hungrier than ever. Also overly optimistic not recognising that they are now no longer as popular as they once were.

  Apart from having been badly burned in an investment crash a while back, it seems from the UK accounts at least, that they manage money quite prudently and make a very good amount of interest from their current investments, at something like 5%.

  There is a general idea that the poor foot soldiers in the theocratic army would shun the very notion of playing the stock market on spiritual grounds...even if they had the money. Not so the swanky GB whose money handlers meet annually in the UK with the biggest and best in the financial world with their vast income and be courted by the best brokers in the business.

  But of course the GB are self appointed demi-gods now and they do what they want.