Incorporation sparks financial controversy in Occupy Portland camp

Reported by: Kacey Montoya
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
PORTLAND, Ore. -- A financial dispute is brewing among Occupy Portland protesters after at least $10,000 was suddenly transferred out of the group's donation fund into a new bank account opened by newly formed non-profit 'Occupy Portland Incorporated.'  

The radical movement protesting corporate structure is now exactly what they are protesting.  Articles of incorporation were filed with the Oregon Secretary of State's office registering the anti-corporation group of protesters as 'Occupy Portland Inc.'

Volunteer media liaison for Occupy Portland, Reid Parham, said two members of the Occupy Portland movement moved the money and started a corporation without consent of the General Assembly (GA), the group of protesters who meet nightly to discuss the direction of the movement.

Reid said Bryan Howarth and Reid Jackson were on Occupy Portland's finance committee, but did not get approval of the group before making the decision to move the money.  

The financial disagreement also lead the group to temporarily lose control of their domain 'occupyportland.org' forcing them to use 'occupypdx.org' as their official site when one of the members bought the group's domain name.

Jordan LeDoux, another volunteer media liaison, said the dispute over the website has been resolved, but the Occupy Portland official website will remain occupypdx.org.  

Parham said the GA voted Monday night to form a new financial committee but the details of that have not been worked out yet.  

Several protesters said they do not think the members who transfered the money and took control of the Occupy Portland domain did not do it with malicious intent, but said this disagreement over the donation fund must be resolved soon.  

LeDoux said the financial issue will be discussed at Tuesday nights GA meeting at the Occupy campsite.  

Protesters at Tuesday evening's rally in Pioneer Courthouse Square said the members who started the non-profit and moved the money did so because of tax reasons.  



Share
8 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

CaptainK - 10/28/2011 4:15 PM
0 Votes
The CEO of OccupyPortland will soon be receiving a well earned bonus. Like the previous CEO of United Way (another nonprofit) the CEO is paid well for his/her responsibility and of course deserves all bonuses received.

redcap6 - 10/27/2011 5:03 PM
1 Vote
How sweet, they have become the beast that they hate, Sounds like a corporation to me. Meetings, backdoor dealings, power struggle, MONEY and I bet they not even going to make a effort to pay on the damages that their corporation have done to PUBLIC property.

dodgeram - 10/27/2011 11:17 AM
3 Votes
another DO AS I SAY NOT AS I DO group. LOL this is just to funny.

spangrud - 10/27/2011 9:13 AM
3 Votes
Okay, they have money....Bill them for the MESS and expense they have caused the city of Portland

cynthia - 10/27/2011 9:12 AM
3 Votes
Gee, maybe the money they are banking can be used to pay back the city for restoration of the park when they finally leave?

Deacon - 10/27/2011 7:50 AM
2 Votes
So now they have Money!! Amazing isn't it!! I just have to wonder at the Occupy Movement and it's ability to raise funds so fast. I would think that they are Active in Drug sales and this is a way to wash the money. Go figure, they just show their True Colors here!!

Purman19 - 10/27/2011 1:00 AM
2 Votes
So based on facts missing from this article, it looks like these actions were done to protect the organization. Despite the commitment to changing the way our country operates, it hasn't happened yet and there are still rules to be followed for tax and other purposes. And the "occupy" movements are not anti-corporation, they are against the over involvement of corporations in our government in the pursuit of ever increasing profits for the few, at the expense of the lower and middle classes.

Psucarrierae - 10/27/2011 12:15 AM
0 Votes
This video contains factually incorrect information. No transfer of funds has been made from the Paypal account to the 501-c-4 Non-profit corporation set up by the former Finance Committee. The owner of that account is working with the General Assembly at Occupy Portland to make sure the funds go to the group as a whole, not the Non-profit group that was registered. The emails and website domain have been returned to the group as well.
Connect with KOIN
Apple iPhone App Google Android App Wireless KOIN Email Alerts KOIN on Facebook KOIN on Twitter Send Photos Send News Tip
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.

News
Most Popular
Local News
National News
International News
Political News
Business News
Entertainment News
Video
Weather
PinPoint Prepared
PinPoint Traffic
Weather Alerts
School Closures
Weather Watch
Sports
Local Sports
Trail Blazers
Timbers
NFL
MLB
NHL
NBA
College
More Sports
KOIN Contests
KOIN Local Showcase
Providence Health
Health Connections
Watch CBS Shows
Television Schedule
Fun & Games
KOIN History
KOIN Bios
Submit A News Tip
Submit A Photo
Events Calendar
Employment
Talk To Us