JW ponzi scandal
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Since: Jun 13

Location hidden

#1 Jan 9, 2014
Looks like jw's are more worried about storing treasures here on earth than they are in heaven.

http://www.forbes.com/sites/williampbarrett/2...

http://www.spokesman.com/stories/2011/sep/25/...

“Tight lines”

Since: Jun 07

Location hidden

#3 Jan 9, 2014
So,
a story that is over 2 years old about some Witnesses getting suckered into a Ponzi scheme is making the news for you?
Whatever gets you excited I suppose....

Since: Jun 13

Location hidden

#4 Jan 9, 2014
florida native wrote:
So,
a story that is over 2 years old about some Witnesses getting suckered into a Ponzi scheme is making the news for you?
Whatever gets you excited I suppose....
Not really too excited. Just showing how jw's themselves are trying to get rich, make a comfy nest egg for themselves. Why be so anxious to make a fortune or even a comfy retirement if the end is coming any day now?

It also show's that you can never trust a jw just on them being a fine outstanding jw. A jw will take advantage of another jw and anyone else.

JW's are just as worldly as the average joe. That's atll.

“Tight lines”

Since: Jun 07

Location hidden

#5 Jan 9, 2014
Matt9969 wrote:
<quoted text>
Not really too excited. Just showing how jw's themselves are trying to get rich, make a comfy nest egg for themselves. Why be so anxious to make a fortune or even a comfy retirement if the end is coming any day now?
It also show's that you can never trust a jw just on them being a fine outstanding jw. A jw will take advantage of another jw and anyone else.
JW's are just as worldly as the average joe. That's atll.
I read the story four times.
The schemer was a Witness?
I must have missed that one.
Anyway, we know that while the end might come tomorrow, it also might come in 50 years so, we do need to be smart enough to make sure we are not caught unprepared.
Remember, it is the LOVE of money that trips people up.
I do commend you on continuing your interest in the Witnesses. I know that once you get to know Jehovah, it is difficult to walk away and your continued searches for all things relating to the Witnesses shows that you still have a hunger for true worship.
remember, the doors are always open.
Billy Bonehead

London, UK

#6 Jan 9, 2014
Well I was going to suggest that the JW in question should have gone to the elders for advice But on re-reading the article I can see thats exactly what he did ummmmmm............
Remnant 143999

Albuquerque, NM

#7 Jan 9, 2014
florida native wrote:
<quoted text>
I read the story four times.
The schemer was a Witness?
I must have missed that one.
Anyway, we know that while the end might come tomorrow, it also might come in 50 years so, we do need to be smart enough to make sure we are not caught unprepared.
Remember, it is the LOVE of money that trips people up.
I do commend you on continuing your interest in the Witnesses. I know that once you get to know Jehovah, it is difficult to walk away and your continued searches for all things relating to the Witnesses shows that you still have a hunger for true worship.
remember, the doors are always open.
Are the doors open for the homeless during this cold season?

Since: Jun 13

Location hidden

#9 Jan 10, 2014
florida native wrote:
<quoted text>
I read the story four times.
The schemer was a Witness?
I must have missed that one.
Anyway, we know that while the end might come tomorrow, it also might come in 50 years so, we do need to be smart enough to make sure we are not caught unprepared.
Remember, it is the LOVE of money that trips people up.
I do commend you on continuing your interest in the Witnesses. I know that once you get to know Jehovah, it is difficult to walk away and your continued searches for all things relating to the Witnesses shows that you still have a hunger for true worship.
remember, the doors are always open.
Thanks for the offer but the first 17 years of my young life were spend as a jw, and it was hell.

“Tight lines”

Since: Jun 07

Location hidden

#10 Jan 10, 2014
Matt9969 wrote:
<quoted text>
Thanks for the offer but the first 17 years of my young life were spend as a jw, and it was hell.
I am sorry you feel that way.
I have been in war zones and I have seen kids living in hell on Earth.
But, I suppose we all have our own level of tolerances.

Since: Jan 12

Location hidden

#11 Jan 10, 2014
The FDS may tell the rank and file not store up treasures on the Earth, but that has not stopped the FDS from doing it for themselves.

We all know that in 2011, a few JW representatives attended a hedge fund conference in London.

I looked up this event to see what drew representatives from the WTBS there.

I downloaded the brochure and I was immediately puzzled by the title of the conference: Building a Sustainable Future.

With the focus of JWs being on the very near conclusion of this "system of things" it seems strange that they would be planning for the long-term future. Perhaps they are hedging (pun intended) that the system will last a lot longer than what their magazines tell and they want to shore up their finances for a longer haul.

It's a strange move from an org that once applauded brothers who sold their homes in the early 70s so they can have a full share in the ministry "in the few remaining months before Armageddon."

Just an FYI, hedge fund investments are not small. The typical minimum investment is $500k -$1 million.

Link to brochure:
http://www.hedgefundintelligence.com/Product/...

“Tight lines”

Since: Jun 07

Location hidden

#13 Jan 10, 2014
Dr SOS wrote:
<quoted text>"I have been in war zones"
SO YOU KNOW WHAT ACTUAL PERSECUTION LOOKS LIKE THEN.
Yeah, I do.
Persecution can come in many forms.
You have the obvious where men are getting castrated because they think differently then someone else.
That is persecution.
You also have instances where people are being harassed because of a difference of opinion.
That is also persecution. Not nearly as bad as the first example but, nontheless, it is persecution.
It it also in the "Eye of the beholder" so to speak.
When I see people on this board harassing the Witnesses, I see them for who they really are. I don't see persecution, I see annoyance.
Basically, the loud mouths on this board are the same as a person shouting obsenities at someone from a moving car. Irritating and obnoxious but generally harmless.

“Tight lines”

Since: Jun 07

Location hidden

#14 Jan 10, 2014
Arkham Bravo wrote:
The FDS may tell the rank and file not store up treasures on the Earth, but that has not stopped the FDS from doing it for themselves.
We all know that in 2011, a few JW representatives attended a hedge fund conference in London.
I looked up this event to see what drew representatives from the WTBS there.
I downloaded the brochure and I was immediately puzzled by the title of the conference: Building a Sustainable Future.
With the focus of JWs being on the very near conclusion of this "system of things" it seems strange that they would be planning for the long-term future. Perhaps they are hedging (pun intended) that the system will last a lot longer than what their magazines tell and they want to shore up their finances for a longer haul.
It's a strange move from an org that once applauded brothers who sold their homes in the early 70s so they can have a full share in the ministry "in the few remaining months before Armageddon."
Just an FYI, hedge fund investments are not small. The typical minimum investment is $500k -$1 million.
Link to brochure:
http://www.hedgefundintelligence.com/Product/...
I was unaware of this.
Please provide the names of these representitives.
Surely you have the names.

Since: Nov 13

Location hidden

#16 Jan 10, 2014
http://www.hedgefundintelligence.com/Product/...

Yep, under "Investors" you find the Watch Tower Society.

I wonder if they were not satisfied with Jehovah's provisions and felt they needed more $$$ to expand the business?

Since: Nov 13

Location hidden

#17 Jan 10, 2014
Since it was at the British Museum they should have taken the time to examine the historical evidence that disproves their contrived 607 false doctrine.

"But who cares about the facts, we're here to make some money!"
marie

Muskegon, MI

#18 Jan 10, 2014
Thank Goodness!
It appears that the FDS is being very wise in investing the society's money in prudent investments, of a conservative nature. I think this is better than getting 2 percent interest in regular certificates of deposit. Jesus commended those individuals given talents and making wise investment choices. It seems the Governing Body wants to maximize their holdings. This is wise. My father made wise investments during his lifetime and it was beneficial to our whole family after he died. We were thankful that he did. Way to go, Governing Body , I for one, appreciate it Keep up the good work!

Since: Aug 12

Aberdeen, UK

#19 Jan 10, 2014
marie wrote:
Jesus commended those individuals given talents and making wise investment choices. It seems the Governing Body wants to maximize their holdings.
Lol, I don't think Jesus had in mind literal money

“Tight lines”

Since: Jun 07

Location hidden

#20 Jan 10, 2014
-Drizzt wrote:
http://www.hedgefundintelligen ce.com/Product/13793/Forthcomi ng-Events/InvestHedge-Forum-20 11.html?ElementId=9679
Yep, under "Investors" you find the Watch Tower Society.
I wonder if they were not satisfied with Jehovah's provisions and felt they needed more $$$ to expand the business?
Cool..
I guess now we know how new buildings are being built.

Oh wait.. I forgot to tow the apostate line.
WAAHHHH!!!!!!!!! Look how bad they are.
WAAAAAAAHHHHH!!!!!!!!!!

Since: Nov 13

Location hidden

#21 Jan 10, 2014
marie wrote:
Thank Goodness!
It appears that the FDS is being very wise in investing the society's money in prudent investments, of a conservative nature. I think this is better than getting 2 percent interest in regular certificates of deposit. Jesus commended those individuals given talents and making wise investment choices. It seems the Governing Body wants to maximize their holdings. This is wise. My father made wise investments during his lifetime and it was beneficial to our whole family after he died. We were thankful that he did. Way to go, Governing Body , I for one, appreciate it Keep up the good work!
I see the WT preys on the uneducated. You think Hedge funds are "conservative?"

You think the parable was about making money? Even if it was, with the example of the WT not returning any literal money to the people who give it to them, they wouldn't hand a dime of it over to Jesus.

Maybe they need the extra money to settle molestation cases.

“Tight lines”

Since: Jun 07

Location hidden

#22 Jan 10, 2014
-Drizzt wrote:
<quoted text>
I see the WT preys on the uneducated. You think Hedge funds are "conservative?"
You think the parable was about making money? Even if it was, with the example of the WT not returning any literal money to the people who give it to them, they wouldn't hand a dime of it over to Jesus.
Maybe they need the extra money to settle molestation cases.
Ahhh... THERE it is!!!
I was waiting for the crap about being uneductated to come out.
Do you have ANY idea how many people get taken for a ride on these kinds of schemes?
In the story, these people were missionaries who were trying to find a way to better support their ministry.
yeah.. I suppose that makes them pretty stupid.
At least they have morals.

Since: Nov 13

Location hidden

#23 Jan 10, 2014
florida native wrote:
<quoted text>
Ahhh... THERE it is!!!
I was waiting for the crap about being uneductated to come out.
Do you have ANY idea how many people get taken for a ride on these kinds of schemes?
In the story, these people were missionaries who were trying to find a way to better support their ministry.
yeah.. I suppose that makes them pretty stupid.
At least they have morals.
Take a breath, and a moment to clear your head, and reread what was addressed in my post so as not to appear uneducated-lacking thinking ability- yourself.

I did not address the ponzi scandal or the people involved.

The uneducated part was addressed to Marie who addressed my post #16, and who loves and trusts her FDS and said:

The WT investing in a hedge fund was a conservative investment.

And it was representative of Jesus' parable of making interest of the Talents.

That is why people like Marie will be drawn to people who run things like the WT to do their thinking for them, and why people like you draw erroneous conclusions because of your predisposition to support the WT without actually knowing what you are talking about.

Got it now?
maria

Muskegon, MI

#24 Jan 10, 2014
.You are the one lacking thinking ability, and I would venture to say you probably have less formal education than I .

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