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Secretary of State's Securities Division ,Perpetual Care Funds & Wonderland

Secretary of State's Securities Division ,Perpetual Care Funds & Wonderland

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Published by Craig Shibley
In August 2005 the Securities Division issued a cease and desist order against the Catholic Cemetery Association of the Archdiocese of Boston Inc. for its systemic failure to properly allocate money to insure the long-term care of cemeteries under its control in accordance with the law.

The ruling should raise serious questions as to what's quietly taken place in Barre, MA for decades: the Town controlling and investing perpetual care funds belonging to the former St. Joseph's Church.

And from all indications the Diocese of Worcester had knowledge of this illegal arrangement...

Equally peculiar this co-mingling of private funds was never (publicly) detected in independent audits done by Melanson Heath & Co. over the past decade or more recent reports conducted by Powers & Sullivan.

https://barrenews.wordpress.com/2014/04/05/town-of-barre-illegally-invested-private-funds/
In August 2005 the Securities Division issued a cease and desist order against the Catholic Cemetery Association of the Archdiocese of Boston Inc. for its systemic failure to properly allocate money to insure the long-term care of cemeteries under its control in accordance with the law.

The ruling should raise serious questions as to what's quietly taken place in Barre, MA for decades: the Town controlling and investing perpetual care funds belonging to the former St. Joseph's Church.

And from all indications the Diocese of Worcester had knowledge of this illegal arrangement...

Equally peculiar this co-mingling of private funds was never (publicly) detected in independent audits done by Melanson Heath & Co. over the past decade or more recent reports conducted by Powers & Sullivan.

https://barrenews.wordpress.com/2014/04/05/town-of-barre-illegally-invested-private-funds/

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Categories:Types, Legal forms
Published by: Craig Shibley on Apr 28, 2014
Copyright:Traditional Copyright: All rights reserved

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07/11/2014

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