Scientology Critical Information Directory

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Mining Money in Vancouver

Title: Mining Money in Vancouver
Date: Monday, 6 May 1991
Publisher: TIME Magazine
Author: Richard Behar
Main source: time.com

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One source of funds for the Los Angeles-based church is the notorious, self- regulated stock exchange in Vancouver, British Columbia, often called the scam capital of the world. The exchange's 2,300 penny-stock listings account for $4 billion in annual trading. Local journalists and insiders claim the vast majority range from total washouts to outright frauds. Two Scientologists who operate there are Kenneth Gerbino and Michael Baybak, 20-year church veterans from Beverly Hills who are major donors to the cult. Gerbino, 45, ... [Read the rest at time.com]