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NLEC Funds?

So here's a few questions...

Why is NLEC asking on TV for money for renovations and toilet paper when they have $40-50 million in assets, unrestricted assets of $5,000,000, and the ability to get a loan for $3,000,000 from Cass bank in St. Louis?  Read sections 6 and 29 from the following Federal court document submitted by NLEC itself.

http://www.martello.org/NLEC/Case_104-cv-01159-RJL07092004.pdf

Posted by andy on August 13, 2008 07:36 AM |


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Comments

Nice find Andy. Too bad the people that Larry Rice is pleading for money from don't know this. Just another Tele-evangelist taking advantage of people with good intentions.

Posted by: Joe H. | August 14, 2008 08:00 PM

40-50 million dollars by their own accounting? That buys alot of toilet paper!

Posted by: Anonymous | August 14, 2008 08:12 PM

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