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

by sammy 43 Replies latest watchtower scandals

• 

  rebel8

  LostGeneration, here's why:

  Safeguarding Your Assets Against the Hazards of a Lawsuit
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  DATA-DOG

  Geoffrey Jackson has married a younger woman with "flavor", shall we say. He's ready for an island paradise. It's even sweeter if YOU pay for it.

  DD
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  Listener

  Great information and also provides an avenue for further info gathering through google.

  They have also been involved in the money market through JP Morgan

  http://www.sec.gov/Archives/edgar/data/763852/000110465904032738/a04-10711_3497.htm

  As of October 27, 2004, the following persons owned of record or beneficially 5% or more of the outstanding shares of the class identified of any of the Acquired Funds or Acquiring Funds. Shareholders indicated below holding greater than 25% or more of a Fund are "controlling persons" under the 1940 Act.

  Fund				Class				Name and Address of Owner				Type of Ownership				Percentage of Class of Shares				Percentage of Fund				Percentage of Combined Fund after Reorganization*
  JPMorgan Liquid Assets Money Market Fund				Agency				JPMORGAN INVESTOR SERVICES CASH MGMT INVESTMENT SUPPORT ATTN CASH SWEEP OPERATIONS 14221 DALLAS PARKWAY 2JIP 6TH FL DALLAS TX 75254-2942				Record					40.207	%			3.839	%			0.921	%
  JPMorgan Liquid Assets Money Market Fund				Agency				JPMORGAN INVESTOR SERVICES CASH MGMT INVESTMENT SUPPORT ATTN CASH SWEEP OPERATIONS 14221 DALLAS PARKWAY 2JIP 6TH FL DALLAS TX 75254-2942				Record					35.324	%			3.373	%			0.809	%
  JPMorgan Liquid Assets Money Market Fund				Agency				STROOCK STROOCK & LAVAN LLP 180 MAIDEN LANE NEW YORK NY 10038-4925				Record					8.384	%			0.801	%			0.192	%
  JPMorgan Liquid Assets Money Market Fund				Institutional				WATCHTOWER BIBLE & TRACT SOCIETY OF PENNSYLVANIA ATTN TREASURERS OFFICE DOMESTIC CASH MANAGEMENT 25 COLUMBIA HTS BROOKLYN NY 11201-1300				Record					7.337	%			6.427	%			1.541	%
  JPMorgan Liquid Assets Money Market Fund				Institutional				JPMORGAN TRUST CO NA PAUL G ALLEN - COLLATERAL ACCOUNT ATTN FUND OPERATIONS 3/OPS3 500 STANTON CHRISTIANA ROAD NEWARK DE 19713-2107				Record					7.229	%			6.333	%			1.519	%
  JPMorgan Liquid Assets Money Market Fund				Institutional				AGILENT TECHNOLOGIES ATTN TREASURY ACCOUNTING DEPT PLOT NO 90 D SECTOR 18 UDYOG VIHAR GURGAON 122015 HARRYANA INDIA				Record					6.020	%			5.274	%			1.265	%
  JPMorgan Liquid Assets Money Market Fund				Institutional				SPRINT CORP ATTN KSOPHF0302-3B372 SUP CASH OPS 6200 SPRINT PKWY OVERLAND PARK KS 66251-6117				Record					5.516	%			4.833	%			1.159	%
  JPMorgan Liquid Assets Money Market Fund				Morgan				JPMORGAN INSTITUTIONAL TRUST SERVICES FBO VARIOUS TRUSTS ATTN VIRGINIA DELGADO 2001 BRYAN TOWER 11TH FLOOR DALLAS TX 75254				Record					32.000	%			0.292	%			0.070	%
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  Listener

  The WTBTS is listed as an attendee at the Goldman Sachs 2012 Growth Markets Summit, Growth Markets Insights: Shaping Global Investment Themes

  http://www.goldmansachs.com/gsam/pdfs/growth-summit-2012/2012GMS_RECAP2.pdf
  
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  Listener

  Data Dog

  Is this information available to the public? Does the WTBTS really have $500,000,000.00?? Inquiring minds want to know!!

  No, as far as I can tell, the fund is set up as K2 STB Fund Ltd being a fund set up in 2007 dealing in Hedge Funds. This fund does not appear to be owned or controlled by the WTBTS as the WTBTS has only invested into it. The limit of the fund is 500 million. The Fund shows that only $40 million was sold and bought by the WTBTS, it doesn't look like any other entity has bought into it.

  In 2011 the Form D filing shows that there still remained one investor with their investment amount being 40 million. The Form D in 2012 shows that there were no investors and no money invested in the Fund. It doesn't show what happened to it and how much money was returned (if any) to the one investor, being the WTBTS. Since this was before the market crash it would be interesting to know how much funds were lost.

  http://whalewisdom.com/filer/k2-stb-fund-ltd

  (click on Form D/A for info)
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  vinman

  Am I missing something? How do I know that these documents are concerning the Watchtower Society?😕
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  smiddy

  vinman

  If your asking about listener`s link ,just scroll down to the end of the report where all the names are listed and you will see Watchtower Bible and Tract Society

  smiddy
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  Listener

  Vinman,

  Regarding the K2 STB Fund Ltd, the link Sammy (OP) provided shows the original document filed by the Fund with the U.S. Government's Security & Exchange Commission and lists the WTBTS as the Beneficial Owner and that 40 million had been invested.

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

  As for the WTBTS's investment in the JW Morgan Liquid Assets Money Market Fund, the link in my above posts shows this information as recorded also on the U.S. Government's Security & Exchange Commission website.

  What's so interesting about this information is that it is definite proof that they have been investing in the money market and hedge funds. We knew that they had been attending seminars on these types of investments but this is the first time that I have seen proof that they have actualy invested WTBTS money into them. Also, it is clear that they are desperate for money and have upped their strategies to obtain it from the congregations, JWs, the sale of Kingdom Halls and the Bethel selloffs. The question is, where has all their money gone? They are losing money in court cases but they may have lost a lot due to risky investing when the market crashed several years ago.
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  TheWonderofYou

  A link to some confusing information about many financial issues.

  http://masonemerson.freeyellow.com/christianwitnessescom/id287.html
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  StarTrekAngel

  One of the things that helped me wake up and begin questioning was this in part. I did not have any of the documents but as the financial crisis went on starting in 08, I could tell something was changing. Obviously I could not tell for sure because I was only exposed to my congregation and nothing else. After a few years went by I could tell, not having been a JW before, that things have began shifting almost in tune with the crisis. The pressure for more money and the constant reminders. One of the things that shocked me was the arrangement for donations where you could get a return. Apparently this is only good enough for tax planning and they never give you the details at the hall, you are supposed to call the "Office of planned donations" (or at least that is what it was called in spanish). Later on I realized that they won;t disclose the details because if you don't understand what it means, then chances are you don't have enough money to invest. The only thing they would explain is that you could make a donation and receive an annuity for the rest of your life. I could not understand how it was possible for you to donate money to a church and get something back. Doing some research later, I realized that chances are that you would never really "make money on it" but certainly would help you save on taxes. I just don't think your church should give you any kind of material benefit other than whatever you may need if you are poor.