LDS Church fined for hiding investments from the government

This sort of corruption and criminality is one of countless reasons why Americans are abandoning and rejecting the bane that is organized religion.
I belong to an organized religion and don't consider it corrupt.
 
Wow! $5m fine for hiding and lying about a $32B investment fund..purportedly for the 'end-times'--LOL!



The Church of Jesus Christ of Latter-Day Saints has agreed to settle allegations that it tried to hide a huge investment fund from the government.
The Securities and Exchange Commission announced Tuesday the LDS Church, and its investment manager, agreed to pay a 5 million dollar fine - connected to the charge that the church hid an approximately 32-billion-dollar investment fund.
According to the SEC the church was concerned disclosing the fund would lead to negative consequences.
To settle the lawsuit-- the LDS Church agreed to pay one million dollars of the fine. Their investment firm - Ensign Peak Advisers - will pay the other four million dollars.

In a statement, the church acknowledged “mistakes” were made and said it now considered the matter closed.

Kudos to those Mormon goobers. The less money you pay into the gummint, the better.
 

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