Ponzi scheme - 75% of investors were Dubs....

by RagingBull 24 Replies latest watchtower scandals

  • Violia

    Now I see why the new elders flock book has a stronger warning about jws taking their brothers to court. Also they just told the jws not to listen to the news if it was anything bad about jws. lol

    Al Capone was a mob boss and what took him down? Tax evasion. I think this is great for exposing jws to the world. It makes them just like everyone else and it will allow outsiders a glimpse into the jws world. It might make those in this ponzi scheme think twice about the Org.

    I think we should put a sticky on this thread and follow it.

    A lot of jws may never hear about this , esp the poorer ones. I feel a bit sorry for the guy from Mexico but when you sleep with dogs you get fleas.

  • thetrueone

    Frankly speaking I've seen so many of these pyramid schemes with the JW organization, there is an overwhelming appearance of trust within

    the JWS, faithfully devoted true followers, brothers and sisters, as it were, which certain people will prey upon and exploit for their own benefit.

    An after all you can trust someone who is a JWS since they are not worldly and evil like non-JWS.

    This fictitious premise of honesty and wholesomeness gets exploited by wolfs preying on the trusting lambs within the congregations.

    But when you consider what a con game the WTS has played on the people who've they've lured toward them, it all fits well in place

    at the great Kingdom Hall of frauds and deceptions.

  • DarioKehl


    That poor missionary brother who lost $200K+ may still be screwed in claw-back legislation! I'm sure the first and foremost thought on everyone's mind, though, is this: "We can't bring reproach on Jehovah's name!!!"

  • thetrueone

    "We can't bring reproach on Jehovah's name!!!"

    But Jeus is my personal Saviour I prey for deliverance and redemption upon my sins that god himself provided for us.

    I was influenced by evil Satan the Devil, so I shouldn't be totally responsible for my actions.

  • pontoon

    True, many JW's are suckers and naive, even ignoring Wat counsel not to get involved in get rich quick schemes, BUT many, many JW'S believe that they are really SO much smarter than the average bird, not knowing how not smart they really are.

  • kurtbethel

    Payday loans in themselves are quite a lucrative scam that loan sharks would envy. You would think that would be enough of a take, but this greedster could not resist going over the top with taking money from people.

    Payday loan scam

  • Violia

    This ought to be interesting. Some of these jws are going to leave the wts due to this and may write a book. Nothing like losing money to change your religion.

  • Anony Mous
    Anony Mous

    Read the article. It's quite funny. An elder and missionary was the one recruiting and some missionary had invested his whole retirement savings now complaining "How are we going to get home?"

    Well I would, for one, trust in Jehovah you know. He's going to bring you magic tickets in your mailbox because you're such a good dub. IDIOT.

    I know of several ponzi schemes going on, even in our hall. The guy became servant 6m after his baptism and he's the one collecting the funds. I refuse to invest in it even though the 2 main elders seem to be profiting very well.

  • Aussie Oz
    Aussie Oz

    Not really surprising considering Mother Goose plays the even bigger time with the flocks donations...


  • sizemik
    Guarenteed return of 40% per year? Who on earth would believe that?! . . . Sapphy

    Yeah that was my first reaction too . . .

    Payday loans traders at the high end seldom charge over 30% . . . at least in this country. And there's still the retail margin and expenses. Any body who invests on the promise of 40% p.a. "guaranteed" . . . gets no sympathy from me.

    A 40% pa return on invested capital would require at least a 70% gross trading profit . . . like that happens.

    Any "clawback" will go straight to the lawyers, accountants and investigators . . . that's the only reason they're still interested and pushing it.

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