LaRouche Personal Financial Disclosure
LaRouche is living like a millionaire yet pretends living with a minimum wage!
The NCLC's policy of keeping no assets in its own name dates back to 1978, when a $90,000 judgment against the NCLC was obtained by the Bank of Nova Scotia, The NCLC simply shut down its accounts and transferred its assets to controlled entities. An NCLC internal memo boasted that these assets had gone ''underground."
LaRouche handles his personal finances in the same way. He holds no property in his own name, maintains no personal bank accounts within the United States, and receives no salary, ostensibly living off the charity of his followers. His residences are always owned or rented by associates, so that he appears to be a guest in his own house. In 1984 he testified in a lawsuit that he hadn't paid a penny in income tax for twelve years, and had no idea who paid for his food, clothing, attorneys, and other necessities. "I have not made a purchase of anything greater than a five-dollar haircut in the last ten years," he said.
1. Researchers Call for Probe of Potentially Illegal Acts By Russ Bellant, Chip Berlet, & Dennis King (Joint Statement Issued December 16, 1981) at publiceye.org