Europe Featured Finances Lawsuits

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 scheme to avoid paying tax on the sale of books and courses over the years 2012-2017.

Corporate Structure COSRECI Featured Finances Tax Exemption

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 [continue reading…]