The Securities and Exchange Commission is investigating the Mormon Church’s past efforts to keep its giant investment portfolio a secret, a practice that ended after a former employee revealed in 2019 that the church had amassed $100 billion of holdings.
The SEC’s investigation has focused on whether the Church of Jesus Christ of Latter-day Saints, also known as LDS, complied with disclosure requirements for large money managers. It is at an advanced stage and is likely to lead to a settlement in the coming months, people familiar with the matter said.
Is it a Church or Business? I think you will be surprised…..!!!
How does Mitt Romney feel about this? 🤔
Nothing wrong with wisely safeguarding resources. These people invest in the community, social programs, disaster relief, available education, and more. I don’t understand all the hate.
Finally!
Love the Mormons. Blame the law.
Holy cow. Just like Scientology. I need to start a religion.
It really bothers you bcuz they're actually prepared for the end. NOT POLYGAMIST.
tax the church
About time
Tax all Churches and cults like this one.
Vivent, the security company owned by Mitt Romney should absolutely be a part of this investigation. They exclusively hire Mormons. And their company is shit.
What is nefarious about investing privately?
$6,000/mormon worldwide
Your got it wrong in the title and the SEC will find nothing. Run with it while you can as this story will fade into oblivion soon enough.
For a church that asks for tithing, I'd be surprised if LDS only had $100B.
This religion is a joke. Joseph Smith was confused. Brigham Young was a disgusting man. Utah and SLC are peculiar.
Come on, — I expect better of you. davidamichaels and JonathanWeil have to know better than to not consult style guides.
beth_kania Churches should pay taxes, right!?
Tax the shit out of them.
Ch_JesusChrist NelsonRussellM KSLcom Deseret GovCox SpencerJCox MittRomney SenMikeLee
YDanasmithdutra The corruption that is identified in these investigations will be astounding!
I’m not even Mormon, but wouldn’t be so ignorant / uniformed to call it the ‘Mormon Church’. 😂 this is part of the reason your subscription s have tanked in the US.
The Mormons do know how to invest. The LDS Church is practically a hedge fund.
Mitt Romney right now
The Mormon Church manages the investment arm, Ensign Peak Investments, why are they given charitable status? No taxes on $100 billion ? It’s a racquet !
Keep tithing folks, maybe you will help get it to $200 Billion 😂
RealSaavedra You're just figuring this out? And you want credibility regarding money and investing?
Religion is opium for the people and poison for the tax office💰💸💸💸
rschmied It’s private who cares
It really isn't. This is an old story. They fraudsters pushing this isn't credible.
Mormon church 🤝 pretending they’re an institution and not an investment office 🤝 Harvard
Can you please use the correct name of the Church as outlined in there press package?
Our time series showing the concealment entities in question.
Not surprising
And churches want you to tithe lmao
look what they hide from us
Hardly a secret.
The real NASDAQ whale
OK so this came out before the global market crash of 2020. The Mormon Church Amassed $100 Billion. It Was the Best-Kept Secret in the Investment World.
GerberKawasaki Holy crap
🔆❗️ The truth is that the Bible has been distorted Money 💰 makes them not tell the truth A simple comparison between: •the Quran and •the Bible
A thread just cuz it’s appropriate
Why