So, it is official now. The money disappeared unaccounted for in 'offshore' accounts, again.
--- In FairfieldLife@yahoogroups.com, "markmeredith2002" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "markmeredith2002" > <markmeredith@> wrote: > > > > --- In FairfieldLife@yahoogroups.com, bob_brigante <no_reply@> wrote: > > > > > ********************** > > > > > > U.S. non-profits are required to file an IRS form 990, which lists > > > their income and assets. For 2004, the Global Country of World Peace > > > listed a balance of $190 million dollars. Anybody can verify this by > > > going to http://www.guidestar.org , completing the free registration, > > > and looking at the 990 information using the search term "Maharishi." > > > > Form 990 for 2004 shows net assets of only $10.2 million for the > > Global Country of World Peace. $8.5 million for the prior year. I > > can't find any independent filing entity related to maharishi > > endowment for world peace. The Global Country seems to deal solely > > with vedic city stuff, nothing about India. > > > > Where exactly are you finding $190 million balance in cash????? > > > > The Global Development Fund is the largest maharishi entity in the US > > with over $200 million in net assets but that's primarily old money > > from the 90s with only $3 million in cash. > > Actually I think I may have found it. In 2002, the Maharishi Global > Development Fund took in $76 million in donations. $58 million of > that was then transferred out to a variety of offshore accounts in the > Channel Islands. The primary offshore account is the Brahmanada > Saraswati trust which received a $53 million grant that year. This > same account received $16 million in 2003 and $10 million in 2004 in > grants from the MMY Glb. Dev Acc't, which represents the majority of > its own donations for those years. So it seems that US donations to > the pundits have gone into the Glb. Dev fund for tax purposes but then > get transferred out to an offshore account where of course they can't > be traced any further. I can't imagine what else that $76 million in > donations in 2002 could be connected to. Was that the year the > millionaire courses started?? > > Anyway, unless someone can get records from a private offshore account > we don't know how the pundit donations have been used. > > I'm still curious where Bob saw the $190 million in cash? > > PS -- The biggest expense for the MMY Glb Dev fund in 2002 was $2.7 > million paid to "Equine 121 Consulting" in Texas. This must be > related to that real estate scandal in texas in which the movement > paid a bunch of money to some ex-politician to fix some deal which > cost the locals a bunch of money -- anyone remember those details?? > To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
