A few days ago the following was posted on Ignis Ardens. It is a pro-SSPX Internet forum. Readers of our blog will recall in November of 2010, a ‘William of Norwich’ posted material on Angel Queen. It was then posted on Ignis Ardens. Subsequent postings were added and the events became known as ‘Krahgate’. The following was posted by ‘Freshwater’ on Ignis Ardens.
Originally posted by 'Freshwater' on IA.Posted: May 4 2012, 02:55 PM
“In light of all the recent evidence of the society heading towards a “marriage” with Concilliar Rome, I thought that it might be a worthwhile exercise to revisit some of the companies specific to Switzerland and Germany, that the hierarchy of the Society “own” or are directors/presidents thereof. Swiss company records give a lot more “free” information than other countries, so it is more transparent to find relevant information, without having to pay for that information as in other countries. Swiss company records are still limited insofar as they require a fee to check on shareholder information, company returns and such. Therefore in order to do detailed research of these companies one needs to outlay significant fees, and so for the moment we have to rely on the free information.
What would be the purpose of revisiting this? Hopefully we can build up more of this puzzle. The society is possibly embarking on massive changes, and perhaps a second glance at these companies by the intelligent IA community may help with the puzzle, and maybe we can understand if motives are good or otherwise. Not implying that there is anything wrong per se, but rather let’s examine the [factual] evidence.
There has been an obvious flurry of corporate activity especially since late 2008 by the SSPX. The most controversial one is Dello Sarto AG, a fully paid commercial company with a working capital of CHF100,000.
Controversial in that a lay person has been appointed with single signature authority and is a member of the Administrative board, and sole member of the Management board. Furthermore, that lay person has very close business ties to another person who represents a company that is auditor to Dello Sarto. Yes, he is the same person who appears to have gone out of his way to destroy Bishop Williamson’s reputation. The other person with single signature authority is +BF, and the other two Priests – Frs. Pfluger and Baudot require each of their respective signatures. Conjecture: The lawyer layman, it appears, is more trustworthy than the two Priests to be have been given single signatory authority.
The stated purpose of Dello Sarto is (google translated): “Advice on asset management issues and the care and management of assets of domestic and foreign individuals, corporations, foundations and other bodies, particularly of natural and legal persons who are of Catholic morals, religion and morality in their traditional sense of obligation and see, and the execution of projects of all kinds, especially construction projects for the persons named, as well as advising on the implementation of these projects; whole purpose paraphrase statutes in accordance with”
Then there is the German trust “Jaidhofer Private Foundation” a SSPX entity that the same lawyer as above uses/lists as his sponsor for the EMBA Global (Business School). As with many private foundations or trusts, the internal structure, beneficiaries, trustees can be made opaque to external eyes. For lack of a better word, that information is secret.
Both Dello Sarto and Jaidhofer were set up in 2008 to begin operation in 2009.
Another SSPX company that was curious was STPI Société Tradition Patrimoine Immobilier Sàrl. It has a fully paid up capital of CHF160,000 requiring the signatures of two of the following: +BF, and Frs. Baudot and Schmidberger. The current shareholders are: “The share capital of CHF 160'000 now consists of 160 shares of CHF 1,000, held by Bernard Fellay, Schmidberger Franz, now in Stuttgart (Germany), Alfonso Genua Galarreta and Niklaus Pfluger, Menzingen now, all four each with 40 shares of CHF 1,000 (previously every four each with a share of CHF 40,000). Emeric Baudot was elected chairman of the managers.”
It was originally set up in 2002 with the following aim: [translated]“buying, selling, brokerage, management, promotion and enhancement of buildings, including that it can make available to the Priestly Society of St. Pius X for its activities, and any real estate, management and administration of securities of all kinds.”
There has been a subtle change in the company’s statutes: [translated] “Statutes updated on 9 November 2010. Obligation to provide ancillary benefits, preferential rights, preemptive or emption: for details, see the articles.”
Obviously one needs to sight the articles for explanation of these changes, but the wording appears to be consistent with providing the shareholders (or other parties) with distributions and/or other benefits. Curious that this clause was added – and again – it was after 2008/2009.
There is also a USA connection, yet this too is limited on the information that can be found out.
You can go through other US States besides Texas, and you will also see +BF, Frs. Schmidberger and Baudot as part of the organizations.
What does this all mean? Perhaps nothing. But as I stated in the beginning, in the light of current activities, maybe this is now telling us something new?