, the SEC alleged that the church illicitly hid its investments and their management behind multiple shell companies from 1997 to 2019. In doing so, it failed to disclose the size of the church’s equity portfolio to the SEC and the public.
“For more than half a century, the Mormon Church quietly built one of the world’s largest investment funds,” the Journal said. “Almost no one outside the church knew about it.” As a result, it said, Ensign Peak established"separate companies" that each filed required disclosure forms, instead of a single aggregated filing.
hmmmm...Tax them
America and the free nations must work together to repel the dictators who are allied to destroy you
What a joke of a fine. $5 million is less than 2%. That's really going to teach them a lesson. I bet that's less then the members have paid in tithing for the entirety of the Mormon Church.
You know what would help families budget better and have more money for food and clothing? Stop tithing or giving to churches! When do people wake tf up?
Not surprised I'm sure more are doing the same
Oh my god. So now we know where that mandatory 10 percent went.
They are also under investigation in Canada and Australia. This is a slap on the wrist. What makes me really sick is all my family that continues to give 10% of their income to them. Family that sometimes doesn't have money to eat or pay bills faithfully still gives 10% tithes.
Church of Jesus Christ of the Laddar-day Saints Fine Scandalous, sacreligious, no, arguably Satanic to allegedly hide $32 billion as the Church of Jesus Christ in a nation where millions live in ghetto rodent infested squalor, are homeless, go hungry daily, and eat out of trash.
Church of Jesus Christ of Ladder-day Saints Punishment Did Not Fit the Crime Never say anything to me again RG3 or others about DeShaun Watson's fine who was never charged. Speak to this $5M fine for an alleged $32 billion crime. It's a joke that incentivizes criminal conduct.
Now do scientology and whatever the fuk that shi* is that osteen is doing.
If Jesus returned today, he wouldn't set foot in the Mormon Church....nor any other church.
This is typical of all church's....buying properties....placing me.bers in political positions.....CHURCH'S NEED TO PAY TAXES
Since separation and church is not explicitly stated in the constitution shouldn’t all the non religious types sue (class action?) based in our subsidizing these corporations because that’s really what they are. Has it been tried? I’d sign on to that. TaxTheChurches
Mitt Romney must have negotiated this deal.
corruption is deeper than 32B
What's $5m to them? Pocket change. They should lose their tax exempt status
Next!
Tax The Churches!
BILLION with a B - then proceeds to get $5million slap on the wrist? Tax churches
The $32 billion gets seized as well, right? Right?
Shocking at church stole from everybody and why am I not surprised
TaxTheChurches they get away with murder
God business is where the good money is
Now do Trump
No worries, the GangOf6 over at the SCOTUS will protect them from any liability!
Wait a minute...you're telling me that the church is corrupted? Should I say 'shocked'? Nah...
No, not a 'church' lying and cheating
They are the major shareholders of Pepsi.😂
They need to be fined more than 5 million if they have over 32 billion to hide and invest. That’s the equivalent of stealing 100 dollars and then being fined 2 cents. My bf pays more proportionally when a red-light camera catches him because the line is faded.
They have billions. 5 million is a joke.
Make them pay back ALL their member’s tithing. 10% of their income is a major religious grift. TaxTheChurches MormonDelusion LDSInc
Now do Joel Osteen
They were accused of laundering over FIFTY million.....so they still have 45 to 'suffer'with
A cool .0156% fine. Nice.
MORE fines for the wealthy.....and NONE of the jail time that you or I would have gotten
Can't blame them, who wants to give this corrupt government more money to waste.
Fined $5 MILLION while hiding $32 BILLION!! With a B, BILLION!! Tax the shit out of these people
The LDS church is a scam, pedophile breeding ground, and damaging to the mental health of residents where they hold power.
You think there'll be a sequel to TheBookOfMormon?
Mormonism Is A Cult
BeSeriousUSA Wow that 5 mil is really gonna hurt😒
The SEC accused the church of going to “great lengths” to avoid disclosing its investments and, in doing so, “depriving the commission and the investing public of accurate market information.”
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