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2009-11-12 20:54:07 UTC
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Gary Stewart wrote:

Rosicrucianism is about the truth, be it
comfortable or not.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

So let’s examine it.

............................................................

Gary Stewart wrote:

First, I have absolutely no interest in amorc one way or the other.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Which is why he and his minions spend so much time on an AMORC newsgroup.

................................................................

Gary Stewart wrote:

amorc never embraced all rosicrucians. They only embraced those who
affiliated with them and chose to alienate all others.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

That’s one of the root causes of Gary Stewart’s problem with AMORC.

He did not believe HSL or RML had any more legitimacy than Aleister Crowley
or McGregor Mathers, who started phony rosicrucian societies. Their mental
aberrations are well known. To lower the Lewis’s to their level is
unconscionable.

....................................................................

Gary Stewart wrote:

What was Rosicrucian Park if not a sign
of prestige and power?"
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Note his contempt for AMORC.

.....................................................................

Antonio taking on the task of Grand Master was no perk or
prestige for him

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Another obvious example of Gary Stewart’s contempt for AMORC. Moreover,
Antonio, another friend of Gary Stewart’s, was not out of the neophyte
degrees and Stewart was installing him as Grand Master of the Spanish Grand
Lodge.

This is relevant to the discussion because neither Ralph Lewis or the Board
of Directors would have nominated or approved Gary Stewart as Imperator and
President if they knew his real feelings about AMORC. Gary Stewart must have
hid his contempt from RML and the Board of Directors. Neither would they
have allowed the responsibility of Grand Master put in the hands of an
outsider, who had no experience with the rituals he was supposed to protect.

.............................................................................

Gary Stewart wrote:

Jean-Noel recently uncovered an IRS letter involving what seems to be a
requested audit of the Order during my tenure as Imperator. Apparently the
letter states that there were irregularities with the way I handled finances
but since AMORC took steps to remove me, AMORC's non-profit status was not
in jeopardy. Anyway, I didn't know anything about this until a couple of
weeks ago and it doesn't make a lot of sense to me since I didn't handle the
financial aspect of AMORC,

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Gary Stewart’s financial dealing caught the attention of the Internal
Revenue Service.

This was another part of Stewart’s problem with AMORC. Note his statement
that he had nothing to do with AMORC’s financial aspects. If that was true,
what was he doing bringing in his own financial advisors and borrowing
$3,000,000 against AMORC’s assets? What was he doing moving money around in
the sums involved in the lawsuit?

.................................................................

Gary Stewart wrote:
No matter how
you spin it, the fact remains that no funds at any time ever left
AMORC accounts except those that were used to pay fees approved by
corporate resolution and all financial dealings had total corporate
approval by the directors.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Here he must be excluding the $750,000 which his financial advisors took. He
knows the money was not a payment and was not approved as a payment. See
below.

...........................................................

Gary Stewart wrote:
"Yes, there was a contract. That money would have been returned as was the
funds sent to the SGL account in Andorra had AMORC not blown it when filing
their 1990 taxes."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Here he is blaming AMORC for filing a tax return a year after his financial
advisors took the $750,000. To Stewart that excuses his financial advisors
for taking the $750,000 from the Pittsburgh trust account.

........................................................................

Gary Stewart wrote:
"The transfer of the funds were to go into our accounts, but would only be
used as needed and signed off by the board."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

In other words, the board was willing to deposit the money in the bank, but
it was not to be used until they approved. If this is true, it begs the
question, what projects were approved and why was the money in the
Pittsburgh trust needed? What did the financial advisors do to earn the
money?

..........................................................................

Gary Stewart wrote:
I had caused to be sent $500,000 to the Pandora Trust to begin funding a
*number* of projects on the behalf of AMORC of which one of them would be an
insurance benefit program for AMORC members.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

The insurance benefit program for AMORC members is one of those things that
can be done for FREE by a licenced insurance broker. It did not require
$500,000. It did not require financial advisors as intermediaries. It didn’t
require anything except a phone call to AMORC’s insurance broker. What gave
Gary Stewart’s "financial advisors" the right to take the $500,000 he
deposited in the Pittsburgh trust, plus the $250,000 deposited by Burnam
Schaa for this project, which was never started anyway? This may give some
insight into why the Board voted unanimously to get Stewart out of office.
It gives a clue to Gary Stewart's concept of honesty, and the problems AMORC
was dealing with at the time.

Melanaigis



...................................................................
d***@gmail.com
2015-06-22 21:40:03 UTC
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This is from SEC NEWS DIGEST ISSUE 92-32. It does not involve AMORC but it does involve one of the financial advisors Stewart brought in. It concerns one of Gary Stewart's financial advisors - Henry Chiesa. It sheds light on the kind of people Stewart had brought in to handle AMORC's finances:

"EMA PRINCIPALS ENJOINED
The Commission announced that on January 22 Judge Donald J. Lee of the U.S. District Court for the Western District of Pennsylvania entered Final Judgments and Orders permanently enjoining Joseph E. Rusnock, Gregory G. Maxcy, Henry L. Chiesa (Chiesa),Glenn A. Main and William J. Burk from future violations of the antifraud and registration provisions of the federal securities laws. Chiesa and Managed Advisory Services, Inc. (MASI) were also enjoined from violating Sections 206{1) and (2) of the Investment Advisers Act of 1940. All six defendants consented to the entry of the Order without admitting or denying the allegations in the complaint. The defendants are former principals of Equity Management Associates (EMA), a Pittsburgh-based real estate syndication company now in bankruptcy.
The Commission's complaint, filed on September 30, 1991, alleged that between April1985 and March 1986 the defendants offered and sold $6.2 million worth of unregisteredEMA preferred stock to 110 investors by misrepresenting or omitting material facts. These material facts include EMA's involvement in related party transactions, Burk'sactive role in EMA's operations, EMA's payment of non-refundable deposits to acquire property and the issuance of preferred stock as consideration for real estate.
The complaint further alleged that Chiesa caused MASI, a investment adviser he controls, to misappropriate $83,000 from a client. The Commission's action is continuing against two other defendants. [SEC v. Joseph Rusnock, et al., USDC, WD PA, Civil Action No. 91-1666] (LR-13l65"

It's clear that if the AMORC Board had not acted quickly before the three million dollars left the bank in Andorra, they would have lost that money as well as the $750,000 which was taken from the bank in Pittsburg.
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