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 used shell companies to hide $32B in investments, SEC saysThe church and its investment management company have agreed to pay a combined $5M to settle charges they previously hid the church’s multibillion-dollar stock portfolio. Shocking, religions are corrupt? No way, next thing you will know we will learn water is wet.
Source: nypost - 🏆 91. / 67 Read more »
Mormon church, investment arm to pay $5 million SEC fine over reporting issuesThe Church of Jesus Christ of Latter-day Saints and its nonprofit investment arm will pay $5 million in fines and penalties to the Securities and Exchange Commission for failing to file disclosure forms, the church confirmed Tuesday.
Source: WashTimes - 🏆 235. / 63 Read more »
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 🔥
Source: Reuters - 🏆 2. / 97 Read more »
Mormon Church, investment arm will pay $5 million to settle SEC chargesFederal regulators announced charges Tuesday against the Church of Jesus Christ of Latter-day Saints and its nonprofit investment arm, alleging that the money managers obscured the size of the church’s investments. Sounds like Jesus needs to start turning over some tables. Another blessed feature. l am so proud of myself for this moment. A huge appreciation to Brandonkaren11 for helping me through Bitcoin mining investment !! 5 mil is a fraction of a single percent of 32 bil. The church wont even notice that 5 mil is a joke, not a deterrent
Source: washingtonpost - 🏆 95. / 72 Read more »
Mormon church, 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. Their entire religion is “misleading the public” to be fair… Slap on the wrist. Not even 1% of the fraud they committed Like a one penny parking ticket during a billion dollar heist.
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