Flipper,
While I know they're unethical enough to do anything, I'm not sure they're smart enough. Maybe if someone was using the religion as a front and not really caring what they do with some of the things that will strengthen the religion (stuff like doctrine, improving retention rates especially among born-ins, etc). But, I would find it difficult to believe that a group/person would be involved in the deep details.
I guess if I were using a religion as a front, the ultimate cover would be to have true believers appear to be in charge. Let them handle everything except the money. Nothing else matters anyway.
But, wouldn't that detail have come out with Franz? I would think if anyone would know, it would be the GB wouldn't it? Or is the theory that Ray was concerned for his life (if it's a criminal organization that the WTS is a front for) and was afraid to say anything?
I would think that to operate something this big as a front would be quite difficult. It doesn't seem probable that it could keep going this long and still remain hidden.
I do find the timing of the Brooklyn sales to be interesting since so many are being sold this year and for prices well below pre-crash prices. It looks like they have a cash crunch but I have a hard time believing that as well.