Mormon Church fined by the SEC

[MisterBobbyPin]

SEC.gov | SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings

www.sec.gov

Basically their investment firm Ensign Peak was not disclosing the church's equity investments. Which means that the church has been fined 1 million dollars and Ensign Peak $4 Million dollars for fraud. They were using shell companies to hide 35 billion dollars.

 

[Heatman]

Damn, $35 billion dollars is a big amount of fraud money. Criminals everywhere

 

[MisterBobbyPin]

Damn, $35 billion dollars is a big amount of fraud money. Criminals everywhere

I know, what's worse is that I am an exmormon.

 

[Heatman]

I know, what's worse is that I am an exmormon.

Wow, that's must have been very difficult for you. When a house of God is involved in fraud, I wonder how they plan to work for men's salvation?

 

[MisterBobbyPin]

Wow, that's must have been very difficult for you. When a house of God is involved in fraud, I wonder how they plan to work for men's salvation?

I know, but now I get to troll members with this. And clearly they ain't a house of God if they be holding $35 billion dollars with no use.

 

[Artisan Vistra]

I think it's time to give back God his money.

 

[MisterBobbyPin]

I think it's time to give back God his money.

Yeah I think so too.

 

[Heatman]

I think it's time to give back God his money.

As a burnt offering I suppose

I know, but now I get to troll members with this. And clearly they ain't a house of God if they be holding $35 billion dollars with no use.

It's a big thing of shame. Their shady business is out for the world to see.

 

[MisterBobbyPin]

It's a big thing of shame. Their shady business is out for the world to see.

I know, all we gotta do now is spread the word.

 

[Heatman]

I know, all we gotta do now is spread the word.

Yeah, that's right. We ought to do it to the best of our capacity.

 

[Artisan Vistra]

I know, all we gotta do now is spread the word.

They must repent of their monetary endeavors.

 

[Heatman]

They must repent of their monetary endeavors.

They might be far from accepting repentance..to go that far with a fraud of $35 billion dollars.

 

[Artisan Vistra]

They might be far from accepting repentance..to go that far with a fraud of $35 billion dollars.

Let's just bring up the hypocrisy of a story with Matthew 19:21 and if the Mormons believe in it.

 

[Heatman]

Let's just bring up the hypocrisy of a story with Matthew 19:21 and if the Mormons believe in it.

They would never sell what they have stolen....never

 

[Demon_Skeith]

Shame they couldn't spare me a million lol.

 

[MisterBobbyPin]

Shame they couldn't spare me a million lol.

I know right, why can't they ever do something nice for us lol.

 

[MisterBobbyPin]

If you want to know more about the Church's past be sure to read all about it here!

Criticism of the Church of Jesus Christ of Latter-day Saints - Wikipedia

en.wikipedia.org

 

[Heatman]

Shame they couldn't spare me a million lol.

They deserve to be jailed for cutting us out

 

[Henrywrites]

SEC.gov | SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings

www.sec.gov

Basically their investment firm Ensign Peak was not disclosing the church's equity investments. Which means that the church has been fined 1 million dollars and Ensign Peak $4 Million dollars for fraud. They were using shell companies to hide 35 billion dollars.

That's a whole lot of money for anyone to hide. Maybe it's me, but it's a bit strange that a church could be caught in this kind of scandal. Strange to me to say the least.

 

[Heatman]

That's a whole lot of money for anyone to hide. Maybe it's me, but it's a bit strange that a church could be caught in this kind of scandal. Strange to me to say the least.

And to crown it all, there would be some of their congregation that's finding it hard to feed but struggle to pay their tithe to criminals.