xjwsforChrist

The attached zip file is about the newly created JW's Ireland corporate entities. Perhaps you have already been informed about this?

My sources tell me that Watchtower is "Phoenixing" by transferring all their assets to newly formed corporations in Ireland, probably in an attempt to remove assets that could be taken in CSA settlements.

We have read the bios on the investment bankers who are JWs the WT has placed as Directors - they are the worst of the worst! They have long been associated with unethical business practices.

If WTC transferred assets at a lesser value than they are worth, of course, it is strictly illegal. Otherwise, it is simply unethical and a precursor to restructuring. The corporations in NY may remain live, but I've been told they will have no assets, as all things of value will have been transferred into the management/ownership of the 3 new Irish corporations.

Interestingly, one of the Irish corporations will focus exclusively on making payments. It will be transferring money to the New York corporations and other branch corporations around the globe as money is needed.

It is clearly a version of PHOENIXING. No doubt about it at all.

Interestingly, the UK has an agency that investigates cases of phoenixing and anyone can whistleblow by reporting online.See following information.

Hope to hear your opinion about the above information.

Absolutely, this move by Watchtower will interfere with the plans of those who want to file a complaint against the religion especially in regards to CSA.

Wishing you the best today,Barbara

Corporate phoenixing

United Kingdom:
https://www.gov.uk/government/publicati ... cy-service
Australia:
https://asic.gov.au/for-business/small- ... -activity/