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Re: premiumjavacoffee post# 4063

Sunday, 05/03/2015 2:21:14 PM

Sunday, May 03, 2015 2:21:14 PM

Post# of 6123
Be The Change Foundation sounds fishy. According to the details revealed in the investor presentation, the company has been using this so-called "charity" to fund food, housing, and infrastructure for the workers on their Nicaragua plantation. In other words, they're financing worker compensation at the expense of US taxpayers. That tax dodge appears to be illegal.

The charity's 2013 IRS990 filing indicates that it is headed up by all of YGYIs owners and executives, and that it only raised a few thousand dollars. Boggles the mind that they would mention this ridiculous operation in an investor presentation.

Also interesting was the revelation that they have not yet harvested any coffee from their own plantation but rather have been buying green coffee beans from other plantations. So much for their story about controlling everything from field to cup. It's not true, by their own admission.

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