Our money man takes another look at new (and grim) Scientology financial disclosures - 2016-07-08
Once again we've turned to our money man, John P, to help us dive into some interesting Scientology documents that have turned up in the Netherlands. Scientology is normally very secretive about its finances, but in a couple of countries, like Ireland and the Netherlands, local laws force them to open up their books. That gives us a rare chance to see how the local organizations are faring. And once again, the outlook is not good. In this case, the Scientology drug rehab center in Holland submitted its financial report for 2015, and we turned it over to John P…
A couple of weeks ago, I took a deep Global Capitalism HQ numbers dive into the 2013 and 2014 financial results of Narconon's operation in the Netherlands. That Dutch organization has now filed its 2015 results, squeaking in just ahead of the July 1 deadline.
Caveat: In this assessment I've taken a very quick look at the numbers to see what's changed since 2014. Note that I wrote this under tremendous time pressure in the car while between appointments, and I worked from memory of the 2014 numbers in several places. This is typical and accepted practice for a first cut on a set of financial results at Global Capitalism HQ, and the key is to get the direction of the argument correct even if the details are slightly off; I'm confident that I've done that here even if I've misremembered some of the 2014 numbers slightly.