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Old 04-19-2013, 01:12 PM   #3
TLFisher
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Join Date: Apr 2008
Location: Renton, Washington
Posts: 3,562
Default Re: Was Day Star poor judgment or fraud?

Quote:
Originally Posted by ZNPaaneah View Post
Daystar is a critical event in the early history of the LRC in the USA. This event should reveal whether WL merely had poor business acumen or was a fraud.

In looking at this case I would like to focus on WL's actions, not his words.

1. As a business venture promoted to the Saints was this done legitimately, in a way that was above reproach?
2. Was the business carried out in a way that was fully transparent and beyond reproach?
3. When the business failed was a complete and thorough audit done by an independent auditor so that there would be no appearance of evil?
4. Was restitution made so that even though the business suffered a loss, this loss was shared equally by all investors?
5. Was there a public reflection on the errors made with a thorough repentance so that these errors were not repeated?

To me these are the five requirements I have for a man of faith who makes an error due to bad judgment.
ZNP, I'd say neither. From everything I've read on Daystar as an RV, there are very few RV's that could measure up to the Daystar's craftmanship. I believe it was more fateful timing than poor judgment or fraud. In response to your questions;
1. NO
2. NO
3. Not that I ever heard of.
4. Who knows who all the investors were? My dad and another brother I know who invested did recoup their investment.
5. NO
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