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WSJ Exposé: Scientology Tried to Build Wall Street’s First “Minority-Owned” Stock Exchange
The Wall Street Journal just blew open one of the biggest Scientology front-group stories in years.
Here’s the shocking part:
CEO Joe Cecala is a longtime Scientologist and “Gold Meritorious” donor — meaning very big money to the church.
His old company funneled hundreds of thousands of dollars to Scientology while Dream Exchange was raising investor funds.
Employees were required to take Hubbard College of Administration courses, memorizing words for hours in rooms without phones, food, or water.
Staff were pressured to use Scientology jargon like “Dev-T,” and an E-meter was even brought into the office.
Sales scripts lied: claimed JPMorgan, Morgan Stanley, and Citadel were on board. All three flat-out denied involvement.
Racial abuse complaints: Black employees say Cecala ranted that he “knew Black people better than them” and even used a racial slur.
Meanwhile, Dream Exchange was sued for unpaid rent, missed payments to creditors, and Cecala blew money on first-class flights and limos.
The kicker? The company is still lobbying the SEC to approve it as a brand-new U.S. stock exchange.
This isn’t just another shady front group — it’s Scientology trying to infiltrate U.S. financial markets under the cover of minority entrepreneurship.