Replies to post #92014 on Eagle Worldwide Inc.(fka ELWD)

[LT Investor]

It functions as a trust. If you can get your money back out of it, it is held "in trust" until you ask for it.

That sounds so funny coming from you. You have stated repeatedly that no one will ever get their money back out.

If it was not a trust, then what would one be doing? Donating their money to Pedro's charity?

If someone were to deposit money in the Foundation, then it legally becomes the property of the Foundation. So, in essence, yes they gave it to Pedro. However, the Foundation is not a charity. PPIF's are not even remotely similar to American foundations.

[Distracted Scientist]

There are major differences between a Trust and a Panamanian Private Interest Foundation (PPIF). The primary difference regards ownership.

To help simplify things for you, I have two questions:

1. Who owns the assets of a Trust?, and

2. Who owns the assets of a PPIF?

If you can find the answers to these two questions, then you will find the primary difference between a Trust and a PPIF.