Something doesn't add up...
Well, my kid is starting to learn how to count. It seems to be a skill that some people find hard to grasp.
So with the recent court documents from Larry Rice coupled with his "2007 annual report". I think it's interesting that his numbers just don't add up.
July 2009 Court Document:
Section 9:
The approximate value of New Life's real estate assets and media holdings is $40-$50 million dollars.
http://www.martello.org/NLEC/2009/1-1.pdf
December 31st 2007 Financial Report
QUESTION:
I’ve heard that Larry Rice and/or NLEC has $40-$50 million
in assets. Is this true?
ANSWER:
No. As reported in NLEC’s 2007 independent audit, the ministry
now has just under $5.35 million in total assets as of December 31,
2007.
http://www.martello.org/NLEC/2009/2007_NLEC_Financial_Report.pdf
So which is it?
