Exploring a lawsuit against the Mormon Church for alleged fraud over tithing donations and Ensign Peak Advisors. Plaintiffs demand financial transparency and accountability for billions in 'slush funds'. Legal elements, consolidation of cases in Utah, and transparency debate highlighted.
Plaintiffs accuse Mormon Church of misleading about donation use, highlighting lack of financial transparency.
Potential Supreme Court involvement raises concerns about religious freedom and fraud interpretation in legal proceedings.
Deep dives
Implications of the Lawsuit and Allegations
The new complaint highlights revelations from an IRS whistleblower in 2019 about Ensign Peak's secretive hedge fund practices that allegedly did not reinvest funds in church activities. The complaint expects further disclosures about Ensign Peak accounts for unrelated business items during the ongoing case. The discovery phase, a crucial part of gathering evidence, is yet to commence, promising potential new evidence in the case.
Nationwide Class Action and Church's Position
The consolidated case seeks a nationwide class action, complicating potential settlement options for the church. The case was filed by Seager Wiese, a class action law firm. Class certification and adherence to class action procedures suggest settlement challenges for the church. Speculation on potential Supreme Court involvement raises concerns about the interpretation of religious freedom and fraud in legal proceedings.
Allegations of Financial Fraud and Deception by the Church
The lawsuit against the Church alleges financial fraud and deception spanning several years, claiming that donations were not used for charitable purposes as represented. The complaint points to instances where donor funds were shifted between church entities and Ensign Peak Advisors, with significant amounts not allocated to humanitarian aid or other mission-related tasks. The complexity of the church's financial structure is highlighted, indicating discrepancies in fund usage.
Legal Procedures and Class Action Suit Details
The class action suit seeks to include individuals who donated money to the Church from January 1, 1998, onward, awaiting hearings to determine the class members. Detailed causes of action such as breach of fiduciary duty and fraud are outlined in the complaint. The plaintiffs request oversight of the church's finances through a special master or panel, emphasizing the need for transparency and accountability in the handling of donations.
In this episode, we will dive deep into the unfolding legal action surrounding The Church of Jesus Christ of Latter-day Saints (Mormon Church) and its financial practices. Multiple lawsuits alleging fraud over tithing will be consolidated into a high-stakes class action case, accusing the church and its investment arm, Ensign Peak Advisors, of misleading members about the use of their donations. We will break down the complexities of the case, exploring how plaintiffs from across the nation are coming together to challenge the church's financial transparency and demand accountability for what they claim is a multibillion-dollar "slush fund."
Firm representing the lawsuit: https://www.seegerweiss.com/
https://www.sltrib.com/religion/2024/07/20/new-class-action-case-over-tithing/