SEC investigating $100 billion investment fund owned by Mormon church

Ensign Peak Advisors Inc., an investment management firm in Salt Lake City, is owned by the LDS Church, which is also headquartered there. The company only began disclosing its investments in SEC filings under that company name in February 2020, the newspaper said.

The LDS Church did not immediately respond to a request for comment from The Washington Times. A church spokesman told the Journal the group is “always willing to work with government regulators to resolve concerns and are committed to full compliance.” Mr. Nielsen charges ”false statements, systematic accounting fraud, private inurement, violations of the Internal Revenue Code and other federal statutes, and a ‘Klein conspiracy,’” or an attempt to defraud the federal government by frustrating the lawful functions of the IRS. A Klein conspiracy is named after a 1957 case, United States v. Klein.

It is good to be audited regularly.

Here is a timeline and visual of the many entities used by EP to conceal assets pre-2020.

Timeline and visual of the entities used by EP for concealment, 2007-2019.

God bless His Restored Church, The Church of Jesus Christ of Latter-day Saints!

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