WTB&TS has invested $40,000,000 in November 2007 in a Hedge fund located in the Cayman Islands, a tax haven

sammy

WTB&TS has invested $40,000,000 in November 2007 in a Hedge fund located in the Cayman Islands, a tax haven

The document is from the official website : Securities and Exchange Commission:

http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-048801

identification of the fund and the fund management company
K2 STB FUND Ltd
K2/D&S management Co LLC
200 atlantic Street, 12 th floor Stanford CT 06901
Beneficial Owner:
Watch Tower Bible and Tract Society of Pensylvania
25, Columbia Heights Brooklin NY 11201-2483

Amount already sold $ 40 000 000 with a total of $ 500 000 000

The investment fund K2 STB Fund Ltd is located in the Cayman Islands tax haven

http://www.sec.gov/Archives/edgar/data/1418838/000151982912000049/xslFormDX01/primary_doc.xml

From Wikipedia, the free encyclopedia
The Cayman Islands are a British Overseas Territory in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, located south of Cuba and northwest of Jamaica. The Cayman Islands are considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. The territory is a major world offshore financial center.

StarTrekAngel

Do we have any finance brains that can help us review this?

Crazyguy

Their money is not taxable so if this can be verified they moved it there to hide it from the courts.

username

The GB need to go somewhere when they are suddenly raptured.....out the back door of watchtower HQ and secretly whisked to a paradise island somewhere in the pacific!

respectful_observer

The WTB&TS of PA is simply a large multi-national organization that needs places to invest its liquid assets. K2 Advisors is required to disclose any party with "control" over the fund. The SEC views 10%+ ownership of the fund's assets as "control", or if the fund agreement specifically allows certain shareholders to hire/fire the investment manager (hence "control").

Based on this Form D filing, the fund had an assigned value of $500,000,000. As of the Form D filing, WTB&TS was the sole investor, having purchased $40,000,000. WTB&TS, due to its size, meets the definition of an "Accredited Investor". The Appendix discloses that the WT was the sole accredited investor at the time, and there were no non-accredited investors that had invested in the fund-- therefore the sole investor.

These funds certainly offer favorable tax treatment, but nothing illegal. Any gains on this investment would still be reported on the WT's U.S. tax filings.

Petraglyph

Hmm, good find. I wonder how it's performing.

GoneAwol

Yet jeebus had nowt to put his head on.... Money grubbing spivs!

umbertoecho

Benefits of relocating or setting up in Cayman’s tax-free Zone are:

100% exempt from corporate tax
100% exempt from capital gains tax
100% exempt from sales tax
100% exempt from income tax
100% exempt from import duties
5 year Work/Residence visas granted for staff in 5 days
10 day fast-tracked set-up of operations
IP owned offshore and licenced internationally
Strategic base giving easy access to global markets
On NY/EST time zone*
Immense collaboration and cross-marketing opportunities

Other Benefits include guidance in the set-up process, a warm welcome into the Cayman Islands jurisdiction and of course the fantastic diverse lifestyles that only Cayman offers.

careful

Thanks for posting this. Breaking open the kid's piggy bank to contribute would probably not sit well with many ignorant R&F Witnesses if they knew that the WTS has so many millions to invest while they're being told how broke they are!

OUTLAW

WTB&TS has invested $40,000,000 in November 2007 in a Hedge fund located in the Cayman Islands, a tax haven

No WBT$ Investments in Soup Kitchens?.........No Affordable Housing For Poor JWs?..

Image result for Soup kitchens ........ Image result for affordable housing

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.................................. Image result for What a Surprise!

WTB&TS has invested $40,000,000 in November 2007 in a Hedge fund located in the Cayman Islands, a tax haven

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