First Post kumbaya

[OhLordJesus]

Is there any Lee's family still involved in the LSM business? Do they receive anything such as royalty fee from LSM?

If not, then LSM is just another non-profit organization which is run by some professionals and governed by Board of Directors who I believe you all called them Blending Brothers. So, what's wrong then?

[kumbaya]

Originally Posted by OhLordJesus

Is there any Lee's family still involved in the LSM business? Do they receive anything such as royalty fee from LSM?

If not, then LSM is just another non-profit organization which is run by some professionals and governed by Board of Directors who I believe you all called them Blending Brothers. So, what's wrong then?

I read there were royalties but I didn't see any proof and don't know if anyone has that... I've heard from family of those involved with LSM scandals about the illegal activity- but again- its hearsay and I don't have proof. At the very least, there's a recording of WL saying LSM and the church in Boston "loaned" money to WL's businesses-which is illegal. WL specifically mentions 100K loaned from the church in Boston, to himself and two other men for their business ventures that resulted in saints losing their investments. There's a lot of info/proof on this site about it. There's a lot of unanswered questions too...

What is obvious is that you have leaders of a church movement who also run a business. Although its "non-profit"- the leaders who run both are placing requirements on local churches to support a business financially. You're mixing a business with a church and it's a pretty tricky thing to handle on an ethical level.

It's one thing when a church owns a daycare for its members or the community. It's another thing when they own a publishing company that wants exclusive privilege of printing and supplying all materials for the local churches.

They require churches to purchase these materials and quarantine churches that don't comply. It's the perfect example of "leaven" and yet they proclaim they're the group on earth expressing the body of Christ in the best way?

You can't have the same people running a church and running a business, interchanging money between the two, and be naive enough to think there won't be problems.

There's no accountability with the leaders on any level.

I hope that answered your question

[OhLordJesus]

Thank you Ms Kumbaya.

I wish more insiders such as Mr Steel and Mr Drake can share more on this.

[kumbaya]

Originally Posted by OhLordJesus

Thank you Ms Kumbaya.

I wish more insiders such as Mr Steel and Mr Drake can share more on this.

I hope they do too! In the past, one of them has avoided this topic (at least with me). I think the other may be newer to the forum....

[Koinonia]

Originally Posted by OhLordJesus

Is there any Lee's family still involved in the LSM business? Do they receive anything such as royalty fee from LSM?

If not, then LSM is just another non-profit organization which is run by some professionals and governed by Board of Directors who I believe you all called them Blending Brothers. So, what's wrong then?

January 9, 2003

Dear Brother Liu Suey,

This letter is to inform you as a member of the Board of Directors of Living Stream Ministry that there is a special urgent meeting of the entire board of directors, including the recently appointed members, scheduled for Lord's Day, January 19, 2003 at 4:00 p.m. in the conference room of building 4, 2431 W. LaPalma Ave., Anaheim, Ca.

The purpose of this meeting is to give opportunity to the children of Brother Witness Lee to present their view of Brother Lee's will and to make claim to the execution of that will according to their view. For this reason the Board will allow a limited amount of time to their presentation.

It is very important that all the members of the Board be present for this special meeting. If you are coming from a distance and need transportation and/or hospitlaity please respond to this letter either by mail or email to me at franisb@lords.move.org. We will be happy to provide arrangements for you.

Grace to you and the enjoyment of the Christ be your portion,
Francis D. Ball, secretary

[aron]

Originally Posted by Koinonia

January 9, 2003

Dear Brother Liu Suey,

This letter is to inform you as a member of the Board of Directors of Living Stream Ministry that there is a special urgent meeting of the entire board of directors, including the recently appointed members, scheduled for Lord's Day, January 19, 2003 at 4:00 p.m. in the conference room of building 4, 2431 W. LaPalma Ave., Anaheim, Ca.

The purpose of this meeting is to give opportunity to the children of Brother Witness Lee to present their view of Brother Lee's will and to make claim to the execution of that will according to their view. For this reason the Board will allow a limited amount of time to their presentation.

It is very important that all the members of the Board be present for this special meeting. If you are coming from a distance and need transportation and/or hospitlaity please respond to this letter either by mail or email to me at franisb@lords.move.org. We will be happy to provide arrangements for you.

Grace to you and the enjoyment of the Christ be your portion,
Francis D. Ball, secretary

On Francis D. Ball secretary for Lee family business dealings

Originally Posted by Elden1971

My walk with the Lord began 60 years ago in Okemah Oklahoma where I experienced my first church split due to the pastor involving the members in a business that failed. Twenty years later that experience and others would keep me from involvement in the Daystar tragedy at Elden Hall. It has been erroneously reported on this forum and others that I was the accountant for Daystar. I was the accountant for many investors in Daystar and a Business Consultant to several Brothers. I was employed as an Accountant for the Los Angeles County Government and responsible for the Payroll Clearance Fund and the Joint Power Authorities. I later had increased responsibilities in Budget Report and Data Processing Departments . . . also worked as a Business Consultant and Tax Preparer for many Brothers including Bro. Lee and Francis Ball.

I can confirm that those involved in Daystar violated Federal and State Securities Law and Federal money laundering statutes. The son of one of the sisters that invested in Daystar was and still is an attorney now living in DC who advised the brothers and me of their illegal activities. Prior to the Daystar tragedy my experience at Elden Hall was one of the best times of my Life.

Brother Lee took serious advantage of Francis and put him at serious risk. I was close friends with Francis and his wife Martha lived with us briefly before they married. Francis would and did do anything Bro. Lee asked. When I explained the potential liability to Francis he was shocked and terrified. I was greatly relieved when the statute of limitations expired as Francis would have faced serious criminal and civil consequences.

Don Hardy was shocked when he discovered Phillip Lee was "cooking the books" in other words maintaining two sets of books. Don was outraged and resigned as an officer. Bro. Lee was himself an accountant and had to be complicit with Phillip as he personally funneled money through Francis and others. I have direct proof of this as I prepared the tax returns for Francis and heard first hand from him that Bro. Lee gave him the funds and told him what to do with them and of course I saw the actual bank statements.

Brother Lee and others were advised by Benton Fonner of the illegal and fraudulent nature of the Daystar offering. Daystar was the pivotal turning point for Brother Lee and Phillip and Timothy in the US. It is well documented of their previous business failings in Taiwan and the Phillipines. Bro. Lee came to me in Anaheim asking for Business advice as I had successfully invested for 39 Chinese clients in Taipei, Tainan and Brazil as well as Anaheim and had gained their trust and respect. I later traveled to Taiwan to meet personally with two brothers in Taipei and the other in Tainan. One of my sons has lived in Taiwan for 6 years and two years in China. I visited Beijing for 3 weeks about 3 years ago. I have been retired for 7 years and have no interest in discussing Daystar except to set the record straight. I knew personally all the major players and most of the investors and can say in summary that it was a disaster.

[OhLordJesus]

Originally Posted by aron

On Francis D. Ball secretary for Lee family business dealings

If there is an illegal activities, it must be reported to the Authorities. Otherwise, those who (believers in Christ and LCM) possessed any evidence related to these illegal activities did not protect the interest of the Stakeholders.

[kumbaya]

Originally Posted by OhLordJesus

If there is an illegal activities, it must be reported to the Authorities. Otherwise, those who (believers in Christ and LCM) possessed any evidence related to these illegal activities did not protect the interest of the Stakeholders.

I think the main issue was- many involved didn’t realize that what WL asked them to do regarding Daystar- was actually illegal.

At the time it was found out, it would have been such a devastating blow to the Lord’s Recovery and people were scared. It was apparently never brought to authorities attention and WL “got away with it” so to speak. The statute of limitations has apparently ran out as well.

It’s easy for us to say they should have done this or that, but what happened- happened. No one wanted to see naive trusting people punished for following WL and no one wanted to hurt WL. I’m sure they were still under his spell and made some kind of excuse for him- who knows.

[OhLordJesus]

Financial standings of Living Stream Ministry from 2011 - 2015.

https://ministrywatch.com/ministry.php?ein=237031637

Anyone from accounting background has any idea what is Unrestricted under Net Assets table?

[Evangelical]

Originally Posted by OhLordJesus

Financial standings of Living Stream Ministry from 2011 - 2015.
https://ministrywatch.com/ministry.php?ein=237031637
Anyone from accounting background has any idea what is Unrestricted under Net Assets table?

As the amount is increasing each year I'd say the revenue looks healthy.

For the naysayers out there, the figures show Living Stream is bigger than Joyce Meyer and the Salvation Army, being in the top 30.