CEF/DIL: “How Many Sleeps Now Daddy?”

When I was younger it seemed like "tomorrow" was eternity to wait when I wanted something. Consequently when my Dad talked about waiting a few weeks or months it was more than my young mind could comprehend and might as well have been an eternity. Time moves on and with it life seems to move faster....

CEF/DIL: ASC vs LCC et al

Last August 2018 the ASC held a meeting to determine the date for the hearing to consider the case against the various respondents. In Jan 2019 counsel for the respondents and some non-party people defending against a representative action tried to delay the case and were turned down. A little while later counsel for the respondents appealed...

CEF/DIL: Lightning Round Mar 16, 2019

Growing up money was tight and nothing went to waste - especially food. When the end of the week approached and the fridge had accumulated an assortment of leftovers that wouldn't make a meal on their own, my Mom would take the lot, dump them in a pot, cook it, and "Mom's Surprise" would be...

Shepherd’s Village Ministries: KPMG Second Report

So much to do, so little time. While LCC's provided a fair amount of "grist for the mill" as it were, other duties have taken most of my time - so  apologies for the long absence. But! Nearly 18 months after they were appointed liquidator KPMG has finally published their second report on Shepherd's Village...

CEF: Meet ASC Counsel Janet McCready

Janet is the ASC's staff counsel responsible for the ASC's proceeding against various people involved in the the ABC CEF debacle. The following text is from her public page on the ASC website. Janet's position against fraudsters that refuse to take responsibility for their actions is a refreshing change from LCC's "ignore it and it'll...

The Concrete Equities Timeline

What has been is what will be,     and what has been done is what will be done,     and there is nothing new under the sun. Is there a thing of which it is said,     “See, this is new”? It has been already     in the ages before us. Ecclesiastes 1:9-10 If there's one lesson I repeatedly learn...

Is LCC an Antinomian Synod?

If there's one thing that's puzzled me the most about the CEF disaster, it's Synod's reaction to it. Why is this problem being so studiously ignored? Why is confession and absolution being prescribed as the universal answer while the house-cleaning LCC so desperately needs has completely failed to materialize? Recently I came across an article...

LCC Convention’s Response to the CEF Scandal

Following is a clip of the 2017 Synod convention passing Resolution 17.03.06 to Decline to Discuss CEF from Committee 3.  Committee 3's proposal confined itself to how the ABC District's CCAA proceeding was being overseen by the courts and left out the ecclesiastical aspects (namely telling people their money was safe when they knew it...

CEF/DIL: The Non-Financial Impact

The dollar costs of the CEF / DIL collapse are pretty well known - the DIL investors got ~80% of their deposits back in "relatively" short order while the CEF depositors with less than $5K got all their money back and - on average - the larger depositors got ~18% of their funds back with...

2018 ABC District Convention Workbook II Raises Concerns

In writing this blog my intent is to be factual as possible and provide important information for the membership that they may not have the time or inclination to track on their own. Part and parcel keeping things factual is that I only use publicly sourced information or information from sources which I believe have...