LDS Church, investment fund charged with disclosure failures, misstated filings 

THEY ASKED US, "ARE YOU HONEST IN YOUR DEALING WITH YOUR FELLOWMAN" THEY DON'T HAVE TO BE HONEST WITH THE MEMBERS RIGHT?

It really bothers me that this went on for so many years. So many years and several people did nothing. Lawyers did nothing year after year. The people at Ensign Peak did nothing year after year. The top leaders of the mormon church did nothing year after year. So disgusting.

Only 5 million dollars?

I want my money back.

Like I always say at the end of the day all religions are about money

Wait - a church, that doesn't pay taxes, owns an investment fund??

Only five million? Someone got paid.

Amazing how they encourage their members to pay their 10% tithe when so many people have a difficult time putting food on the table when this church has billions of dollars in their stash. Would love to see the financial records to see how much of these billions go to the poor. This is very sad and very deceiving.

Wait, you’re saying the LDS church is deceitful and misleading?? Well that’s news to no one!

Wait...so the church hid tens of BILLIONS of dollars in assets - and is only being fined $5 million dollars??? What's up with THAT?

If I had to be honest about my tithing even as a child then the church has to be honest with their finances too

People should care that the church did not follow the principle of being honest in all dealings as their members are commanded to do. Hypocrisy.

The tea ahem Kool aid...keeps coming out... hallelujah!!!

The church leadership knew this was happening. They should have their temple recommends revoked as they have not been honest in their dealings. Shame on the LD$ church.

Time for everyone to stop paying. They're not honest with you.

What happened to, “…we believe in being honest.true,..”

Yeah.. but they’ll all keep giving away 10% of their income even though they’re struggling.

Shocking….like literally we all knew it was happening….

I wish I was surprised.

Sounds like a business to me. Change tax status.😁

Report dosen't care to mention that ensign peak and the church have been in compliance sense 2019. Why is that?

5 million? Know a few senators do you?

$5M do you think they can afford it?

Now it’s plain and obvious that the church of Latter Day Saints is just another racket!

You could give every single person on the continent of North America at least $70 with that money

Organized religion and organized crime are similar. It's always about the money.

When and will the leaders speak publicly about this?!

Scientology is like " We need to hold a meeting NOW!!! "

Ahh, even for a church, "For the love of money is the root of all evil.".

Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravening wolves. ~ Matthew 7:15

What would Jesus do?

Not surprised at the least.

There are no coincidences.

Tax-free billions. $5M fine. 🤔

I wonder who has to pay those 5million

Can we have truth and transparency on the federal government please?

BYU: Billion$ Yearly Untouched LDS: Laundering Dollars Shamelessly

I say churches start paying taxes!!

5 Million is NOTHING

What will their explanation be?

Those LDS leaders should step down and have their temple recommends removed! They are not being honest with their dealings!!!

Spirituality, philosophy, ethics and wisdom is free. Religion is a business. All religious organizations need to be fully taxed. no tax breaks for it or its members who choose to donate to it.

Something is dirty here

Not beginning to be enough

Time for religion to pay taxes.

Religious people lie?!?!?! Get outta here

Considering the multi-billions the LDS has 5 million dollars is literally a drop in the bucket. I wonder if the leaders realize the not only the damage this does to their own church but how much damage it does to religion in general, at a time when church attendance everywhere is dropping. Or do they even care?!

Have they stopped asking about honesty in business dealings for temple recommends?

tithe payers should be able to sue the LDS church for misleading them

What do they invest in?

I've beeb brutally told off from members, who question my worthyness, as if I was the one who decided to do these questionable acts!

Why? What's wrong with that? Religion is a business anyway, without money involved church won't exist!

It’s a cult

I wonder how many families in poverty The church of Jesus Christ of Latter-day Saints supports.

TAX ON CHURCHES

And so it begins.

Be sure to pay your way into heaven so they can invest it and violate laws

I bet I could ask the church to send me a copy of every single penny that they gave me to pay my rent, clothes and sometimes food; it would probably be (my guess) close to $10,000 over the course of my life. I struggled with homelessness and drug addiction for many years, and the church supported me. Many of those times I lied about my situation just to get my rent paid and yet they still paid it. And I know I’m not the only one. How about the many times they paid for a detox or rehab not only for me, but many people I know. I have since then turned my life around and I owe most of that to this church. I’m not trying to defend anything that they’ve done wrong, but the church is definitely done right by me.

Wow, big lies and corruption.

They're not a church. They're a business.

One side question. I am looking for a biblical reference where Jesus Christ or St Paul discuss investment arms of the Christian Church.

$32B ? that’s a nice nest egg

5 million! It’s obvious they have more and someone got paid.

How nice members money has to pay 5 million dollars 💵

So do Morons care? I would not be happy but i am nit Mrmom. Sounds pretty greedy to me.

'what you need is someone to guide you...' all credit to Maynard

just the tip of the iceberg. $5M is nothing.

The church has literally been stocking my wife for 30 years it's a colt.

Not really,th Church builds nice buildings all over the world as well as books for free and they work with no paying eclesiastical staff.Greetings fgom Costa Rica

Missionary work and building Temples are expensive

Wake up people ! start asking questions.

Informative, thank you ❤️

Nicely done!!

20 years went by and nobody who is within that organization saw an issue with this? I mean, if it was a day, a month, or maybe even a year, I might be more lenient in my train of thought, but 20? That's intentional, that's wrong, that is explicitly contrary to what their rhetoric and doctrine is and stands for. So nobody in the church audits or evaluates or manages these things in a more integral way within the structures of their SOP?!! You're gonna tell me nobody knew? So headquarters know and keep a record of millions of deceased people, and know when each one gets baptized but they don't know that 20 years went by and there was something wrong here? C'mon, stop the cap, as the young people of today would say.

Edmund Act ⚖️👩‍⚖️🇺🇸 end poyigamy in Utah👍

Why are you guys just barely covering this?

Maybe the church isn't true after all???

Joseph Smith never accepted responsibility for wrong doing and blamed others as a way of avoiding personal accountability. The LDS leadership follow the example established by Joseph Smith with regard to blaming others for wrong doing.

😢

Reading these comments, it’s not hard to see why the church would prefer not to publicly announce its earnings. These earnings are from investments carefully invested over years. Savvy investors take note. How many others can boast of such gains over twenty years? Why hasn’t the church been challenged for its tax exempt status? Because the US in particular receive significant financial assistance in relief when disasters happen. The church does not disclose how much money bishops spend each year helping the poor because it doesn’t have to. I don’t think you’ll find a church that does more for elevating people out of poverty. Almost a billion spent in one year in humanitarian aid projects in countries all over the world. They are the fifth largest private land owners in US. Where can you find shelter in a disaster? In an lds meeting house. Be careful who you throw criticism at, you may just need their charity one day.

Corporate greed and lack of faith in the future. Build my house!!!!’ Prayers to you. Praise to the most high 🙏🏼🦅🗽🇺🇸⚖️

🤣🤣🤣

That beard though...

Now the church has 70 years worth of grain stored away, can we start to use it bless the lives of the needy? That is what Joseph in the Old testament would do.

Deuteronomy 13:3

what about the 10 year old wives?? where's the charges for that?

😎

🌰

I will carry on to pay tithings and other offering.Because it's his Kingdom on the earth,is to prepare the World for the Second coming by building Temple,Missionary work e.t.c all over the world

The church having a large sum of money just sitting idle is wrong, especially if they're keeping it for a rainy day. This implies that the church's faith in God's ability to provide for their financial needs is hypocritical and insincere, yet they teach members to have faith when paying tithes. As a result, members are left struggling to make ends meet. Instead, the church should use the money to carry out more compassionate acts that benefit humanity.

Until every building open 24/7 doing what Jesus would do the least of his brethren!!! No more gates no more chains across parking lots...just open doors giving relief to all gods children.....ELIMINATE ALL TAX FREE STATUS ALL CHURCHES PERIOD... Their homeless problem solved over night...

Quote "These funds are for the second coming." When Jesus returns he will grab some of that cash and run to his -city creek mall and buy a Rolex and diamonds from tiffany's. Yep the church is true!! And Jesus needs Money.... BTW Mary Magdalene loves pink diamonds. Borrow Elder Hollands limo and surprise her when you come Jesus.

For the last time… they do not force us or tell us that we have to pay 10% they said that if they are willing and are comfortable to pay..

big surprise there.

Since 2000, Ensign Peak received and relied upon legal counsel regarding how to comply with its reporting obligations while attempting to maintain the privacy of the portfolio. As a result, Ensign Peak established separate companies (LLCs) that each filed Forms 13F instead of a single aggregated filing. Ensign Peak and the Church believe that all securities required to be reported were included in the filings by the separate companies. In June 2019, the SEC first expressed concern about Ensign Peak’s reporting approach. Ensign Peak adjusted its approach and began filing a single aggregated report. Since that time, 13 quarterly reports have been filed in full accordance with SEC requirements. This settlement relates to how the forms were filed previously. Ensign Peak and the Church have cooperated with the government over a period of time as we sought resolution. We affirm our commitment to comply with the law, regret mistakes made, and now consider this matter closed.

They should care because the honesty of the church is important. When you rely on them to guide you own behavior and destiny if you and your family then being led by a church that is purposefully being dishonest should be a cause of concern.

Nephi killed laban

l am super excited my financial life has totally changed ever since I ventured into crypto market. Ive been earning over $12,000 every single week. Lol 😊

It's not wealth!!!

Joseph was a treasure digger from the start.