Lady Lee posted:
"I have a question
Real estate, other companies, cheques people donate - all that is easy to trace. Money from the congregations - that too would be easy to trace.
What about all that cash. The cash that comes in at conventions.
How easy is it for them to stash the cash?"
Basically, it's a fairly easy process. You see, each congregation is, what we call in accounting terms, a Cost Centre (or Center if you're from across the pond). Each one of these Cost Centres makes monthly payments to The Worldwide Work Fund (or they did in my day). The monies collected from the WWF is sent to the Organisation (Watch Tower, not Watchtower). The Watch Tower company is exactly that, a company! It has to pay invoices to suppliers, utility bills, etc.
I would instruct my clients (the big-wigs in the Watch Tower) to register various IBC's (International Business Companies), possibly in The Seychelles and BVI (British Virgin Islands). When we form the companies, we issue something called a Shares Certificate. Normally, these Share Certificates hold the information of the Beneficial Owners, e.g. the real owners of the company. But when you register an IBC, there are certain legal loopholes that allow Nominee Shareholders to be listed on the Shares Certificate, meaning that the actual owners of the IBC are listed, not as the WTS, but as my company. That is the meaning of Nominee Shareholders/Directors. We basically replace our details with that of the real owners.
If you're thinking that no company would do this, because a level of trust would be needed, companies like mine issue something called a Letter of Indemnity, meaning that even though we are the Shareholders (and possible Directors of the IBC), we must adhere to the requirements of the actual Beneficiary Owners.
Interesting huh?
The IBC's that we have now created for the WTS, are companies in their own right. These IBC's need to issue invoices so as to bring funds into the company. They mainly issue invoices to the Watch Tower. Prior to issuing any invoices, we draw up contracts between the IBC (Company X) and the Watch Tower, stating that "for the time period of X to Y, the Watch Tower has agreed to employ us as its Management & Administration company in this territory and that the monthly payment of $30,000 must be paid per calendar month". The Watch Tower happily makes these payments to Company X. They are basically taking money out of their right pocket and putting it in their secret coat pocket.
So you see, removing monies from the Watch Tower is a fairly simple process (if done correctly).
PS. Each District, Circuit Convention is a Cost Centre in its own right. Therefore, whenever you (well, not you, but some half-brain tool) make a donation, you are actually donating money to that specific Cost Centre, NOT the Watchtower.
C Scienza
