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financial_concerns [2017/06/30 02:35] – [Speaking for the IRS] adds gossett pullquote Carlos Pedrazafinancial_concerns [2019/02/25 17:34] (current) – [Financial Review] Carlos Pedraza
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 ===== Financial Review ===== ===== Financial Review =====
  
-In response to court documents alleging Peters had used donor money to pay for [[summary_fact_check|personal expenses]], Peters promised in November 2016 that an [[financial_review_committee|independent body]] would review Axanar's financial records and report its findings to those who donated to its [[crowdfunding_platforms|crowdfunding campaigns]].+In response to court documents alleging Peters had used donor money to pay for [[:summary_fact_check|personal expenses]], Peters promised in November 2016 that an [[:financial_review_committee|independent body]] would review Axanars financial records and report its findings to those who donated to its [[:crowdfunding_platforms|crowdfunding campaigns]].
  
-The independence of that review committee [[financial_review_committee|fell into question]] when **AxaMonitor** learned its members were avowed Axanar supporters and/or members of its crew. One even resigned in the face of a possible [[financial_review_committee|conflict of interest]].+The independence of that review committee [[:financial_review_committee|fell into question]] when **AxaMonitor** learned its members were avowed Axanar supporters and/or members of its crew. One even resigned in the face of a possible [[:financial_review_committee|conflict of interest]]. 
 + 
 +<WRAP right round important 320px> <wrap lo><wrap em>Report’s Release</wrap> In a [[http://www.axanarproductions.com/captains-log-march-4th-2017/|blog post]] March 5, 2017, Peters announced the financial report was finally going to be released. Fan Film Factor’s Jonathan Lane confirmed he was preparing to publish the report on his blog.((Comment, [[http://fanfilmfactor.com/2017/02/13/an-interview-with-axanar-attorney-erin-ranahan/#comment-5907|"An Interview with Axanar Attorney Erin Ranahan]], Fan Film Factor blog, 2/13/17.)) </wrap> </WRAP>
  
-<WRAP right round important 50%> 
-<wrap lo><wrap em>Report's Release</wrap> In a [[http://www.axanarproductions.com/captains-log-march-4th-2017/|blog post]] March 5, 2017, Peters announced the financial report was finally going to be released. Fan Film Factor's Jonathan Lane confirmed he was preparing to publish the report on his blog.((Comment, [[http://fanfilmfactor.com/2017/02/13/an-interview-with-axanar-attorney-erin-ranahan/#comment-5907|"An Interview with Axanar Attorney Erin Ranahan]], Fan Film Factor blog, 2/13/17.))</wrap> 
-</WRAP> 
  
 ==== Late Report ==== ==== Late Report ====
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 Peters had been promising the financial report was imminent for months, despite one committee member's statement that the report would be released when it [[financial_review_findings#disputed_report_release|was ready]], not on any schedule dictated by Peters. Peters had been promising the financial report was imminent for months, despite one committee member's statement that the report would be released when it [[financial_review_findings#disputed_report_release|was ready]], not on any schedule dictated by Peters.
  
 +<wrap indent lo>//**See Also: [[studio-financials|Months Later, 'Independent' Financial Report Mysteriously Disappears From Axanar Website]]**//</wrap>
 ==== Limited Scope ==== ==== Limited Scope ====
  
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 <WRAP> <WRAP>
-//**__<wrap lo>« Alec’s sexism and blistering arrogance led him to believe he could [take] over complete financial control. »</wrap>__**// <wrap indent>— Prelude //director Christian Gossett//</wrap>+//**__<wrap lo>« Alec’s sexism and blistering arrogance led him to believe he could [take] over complete financial control. »</wrap>__**// <wrap indent>— //'Prelude' director Christian Gossett//</wrap>
 </WRAP> </WRAP>
 ==== Disappearing Expenses ==== ==== Disappearing Expenses ====
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 === Early Warning === === Early Warning ===
  
-However, according to //Prelude// director [[gossett-subpoena|Christian Gossett]], "Alec was advised on numerous occasions by [//Prelude// producer] Jhennifer Webberley … to do exactly what Lane advises here (and more)."(([[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Christian Gossett comment]], AxaMonitor Facebook group.))+However, according to //Prelude// director [[gossett-subpoena|Christian Gossett]], "Alec was advised on numerous occasions by [//Prelude// producer] Jhennifer Webberley … to do exactly what Lane advises here (and more)."(([[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Christian Gossett comment]], AxaMonitor Facebook group, 3/6/17.))
  
-Even though proper management of the finances by Webberley'was vital to the film's success, Gossett said Peters didn't trust her. "Alec's sexism and blistering arrogance led him to believe he could do better than Jhennifer, and he took over complete financial control for Axanar," Gossett said on [[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Facebook]]. "The inevitable loss of funds then follows."(([[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Christian Gossett comment]], AxaMonitor Facebook group.))+Even though proper management of the finances by Webberley was vital to //Prelude//'s success, Gossett said Peters didn't trust her. "Alec's sexism and blistering arrogance led him to believe he could do better than Jhennifer, and he took over complete financial control for Axanar," Gossett said on [[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Facebook]]. "The inevitable loss of funds then follows."(([[face>groups/axamonitor/permalink/162929204221935/?comment_id=163337724181083&comment_tracking=%7B%22tn%22%3A%22R0%22%7D|Christian Gossett comment]], AxaMonitor Facebook group, 3/6/17.))
  
 === Not Helping === === Not Helping ===
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 > It wasn’t just the $100K for //Prelude// but more than a million dollars of additional donations plus <wrap hi>another hundred thousand of Alec’s personal investments. And it was all mixed together in one set of Quicken books.</wrap> … Unfortunately, he’d never bothered sorting out the “his” and “theirs” of the payments. As I said, definitely a mistake. … Alec was in over his head.((Comment, [[http://fanfilmfactor.com/2017/02/13/an-interview-with-axanar-attorney-erin-ranahan/#comment-5923|"An Interview with Axanar Attorney Erin Ranahan"]], Fan Film Factor blog, 2/13/17.)) > It wasn’t just the $100K for //Prelude// but more than a million dollars of additional donations plus <wrap hi>another hundred thousand of Alec’s personal investments. And it was all mixed together in one set of Quicken books.</wrap> … Unfortunately, he’d never bothered sorting out the “his” and “theirs” of the payments. As I said, definitely a mistake. … Alec was in over his head.((Comment, [[http://fanfilmfactor.com/2017/02/13/an-interview-with-axanar-attorney-erin-ranahan/#comment-5923|"An Interview with Axanar Attorney Erin Ranahan"]], Fan Film Factor blog, 2/13/17.))
  
-[{{ :jonathan-lane-headshot.jpg?nolink&150|**Jonathan Lane**}}]+[{{ :jonathan-lane-headshot.jpg?nolink&150|Axanar surrogate **Jonathan Lane**}}]
  
 == Repudiating Lane == == Repudiating Lane ==
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 ===== Peters Not an Employee ===== ===== Peters Not an Employee =====
  
-<wrap lo>//See also: [[statement-information|Documents Reveal Axanar's Secret Corporate Structure]]//</wrap>+<wrap lo indent>**//See also: [[statement-information|Documents Reveal Axanar's Secret Corporate Structure]]//**</wrap>
  
 Lane's revelations raised still more questions about Axanar's corporate structure, particularly given his claim that "in the eyes of the Internal Revenue Service, Alec Peters was never considered an employee of Axanar Productions" because no employment paperwork had ever been filed.((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6315|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.)) Lane's revelations raised still more questions about Axanar's corporate structure, particularly given his claim that "in the eyes of the Internal Revenue Service, Alec Peters was never considered an employee of Axanar Productions" because no employment paperwork had ever been filed.((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6315|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.))
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 <WRAP right round important 50%> <WRAP right round important 50%>
 {{ ::california-secretary-state.jpg?nolink&90|}} {{ ::california-secretary-state.jpg?nolink&90|}}
-<wrap lo><wrap em>UPDATE</wrap> **AxaMonitor** obtained copies of Axanar Productions Inc.'s Statements of Information filed with California Secretary of State. Despite Lane's claims, the documents show Alec Peters is the sole officer and director of the corporation. [[statement-information|Read more »]]</wrap>+<wrap lo><wrap em>UPDATE</wrap> **AxaMonitor** obtained copies of Axanar Productions Inc.'s Statements of Information filed with the California Secretary of State. Despite Lane's claims, the documents show Alec Peters is the sole shareholder, officer and director of the corporation. [[statement-information|Read more »]]</wrap>
 </WRAP> </WRAP>
  
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 > A corporation must have at least three directors, unless there are less than three shareholders. In that case, the number of directors may be equal to or greater than the number of shareholders. For example, if the corporation has only one shareholder, the number of directors may be one or two. If the corporation has two shareholders, the number of directors may be two (or three, which is the normal minimum).(([[http://www.dmlp.org/legal-guide/forming-corporation-california|"Forming a Corporation in California"]], Digital Media Law Project, retrieved 3/2/17.)) > A corporation must have at least three directors, unless there are less than three shareholders. In that case, the number of directors may be equal to or greater than the number of shareholders. For example, if the corporation has only one shareholder, the number of directors may be one or two. If the corporation has two shareholders, the number of directors may be two (or three, which is the normal minimum).(([[http://www.dmlp.org/legal-guide/forming-corporation-california|"Forming a Corporation in California"]], Digital Media Law Project, retrieved 3/2/17.))
  
-While Lane claimed, "Axanar Productions does indeed have a Board of Directors,"((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6341|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.)) He [[statement-information|failed to name]] who was on the board. In fact, Lane went on to claim, "Alec does not own Axanar Productions and has never claimed to."((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6341|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.))+While Lane claimed, "Axanar Productions does indeed have a Board of Directors,"((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6341|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.)) he [[statement-information|failed to name]] who was on the board. In fact, Lane went on to claim, "Alec does not own Axanar Productions and has never claimed to."((Comment, [[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/#comment-6341|"Correction: It was not cheaper as far as I can tell for Axanar Productions to build a studio than to rent one"]], Fan Film Factor blog, 2/19/17.))
  
 === Mystery Board === === Mystery Board ===
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-**Keywords** {{tag>Nonprofit Financial Crowdfunding Analysis}}+<wrap right>**Keywords**</wrap> {{tag>Nonprofit Financial Crowdfunding Analysis Fact_check}}