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Category: Finances
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Scientology executives charged in $1.7 million fraud scandal
The Church of Scientology is facing seizure of its assets in Hungary after prosecutors charged eleven executives and finance personnel with fraud in a $1.7 million tax evasion scandal. Following a lengthy investigation into Scientology’s activities by Hungary’s National Tax and Customs Administration, the Chief Prosecutor’s Office filed charges against Scientology yesterday, alleging a cover-up…
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Scientology fraud: UK bank responds to criticism
Scientology’s UK bank NatWest, which was fined £264 million in 2021 for failing to prevent money laundering, has issued a statement after allegations emerged of the Church engaging in credit card fraud.
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Video: Chris Shelton & Apostate Alex discuss Scientology’s shady finances
Former Sea Org executive Chris Shelton today released an insightful interview with Scientology Business editor Apostate Alex discussing Scientology’s financial records, tax exemption and fraud.
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10 years of Scientology’s UK Financial Accounts
Since being rejected by the Charity Commission in 1999, Scientology has operated in the United Kingdom through an Australian-registered charity called COSRECI (Church of Scientology Religious Education College, Inc). As such, their revenue is considered ‘foreign income’ and is exempt from income tax. However, due to its lack of tax exemption in the UK, Scientology…
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Money Motivated: A history of Scientology’s financial schemes
The Church of Scientology has been engaged in numerous financial schemes for well over 50 years. With the ‘Bridge to Total Freedom’ costing parishioners anywhere from $250,000 to $1 million, staff members operate under constant pressure to develop strategies that generate income for the Church. Today, former Scientology executive Chris Shelton and I took a…
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An Open Letter to Nigel Farage
Politician Nigel Farage recently hit the UK headlines after his bank account was unexpectedly closed by Coutts, a private bank owned by Natwest. Dubbed the ‘debanking scandal’, he was considered too controversial to have as a customer and the bank decided its reputation could be at risk. The scandal led to the resignations of Coutts…
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Scientology’s $100 million DEBT Problem
Recent financial filings with the Australian Charities & Not-for-profits Commission (ACNC) paint a worrying financial picture for Scientology’s UK operations. Operating through an Australian-registered entity known as COSRECI (Church of Scientology Religious Education College, Inc), Scientology are required to file annual accounts that detail where its money comes from and – crucially – where it…
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Numbers Don’t Lie: Evidence Scientology is Shrinking in the UK
In the United States, due to it’s IRS tax exempt status Scientology’s finances are somewhat protected from public scrutiny. Fortunately for us, the same is not the case in the UK, where Scientology operates through an Australian-registered charity called Church of Scientology Religious Education College Inc (or COSRECI). Under Australian law, charities registered with the…
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Scientology’s UK Shell Companies
In the United Kingdom, Scientology operates through an Australian-registered charity named Church of Scientology Religious Education College, Inc. (COSRECI). However, when they applied (and were rejected) for charity status in 1999, they did so under another entity, Church of Scientology (England and Wales). It appears there are a number of currently active Scientology shell companies…
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Scientology’s 2022 UK Financial Documents
Last month Scientology’s UK corporation known as the Church of Scientology Religious Education College Inc (COSRECI), filed their latest accounts with the Australian Charities & Not-for-profits Commission. The filings reveal an overall annual income of $26,562,014, up $3 million on the previous year. With expenses of $29,300,642 the corporation operated a net loss and have…
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