Mormon church leaders — not just investors — behind shell companies, SEC says

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The SEC alleges that senior leaders of the Church of Jesus Christ of Latter-day Saints approved shell companies to hide $32 billion in holdings from the public.

earlier this month that the SEC was investigating whether the church's holdings were properly disclosed, the focus was on Ensign Peak Advisors, an investment firm owned by the church.The latest:

The shell companies were created "with the Church's knowledge and approval," to avoid "negative consequences in light of the size of the Church's portfolio," the SECThe church is paying a fine of $1 million while Ensign Peak pays $4 million under a settlement with the SEC.

 

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not to forget that $1.5 million in PPP loan forgiveness they bilked out of the government

I wonder

Tax churches like every other business.

Religion is a scam

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Mormon church and investment co to pay $5 mln for misleading public -SECThe Church of Jesus Christ of Latter-day Saints (LDS) and its investment management company have agreed to pay a combined $5 million to settle charges they previously hid the church's multibillion-dollar stock portfolio from the public, the Securities and Exchange Commission announced on Tuesday. That Church has always been up to no good. Smh! When Indian Churches will pay for fooling people in broad day light. noconversion has shared millions of video where openly every illegal trick is being used on camera. Only God knows what they might be doing when camera is off. HMOIndia PMOIndia myogiadityanath AmitShah …..that’s church for you!!! …may they rot and burn 🔥
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