Mormon Stories Podcast 1732: LDS Church Fined $5 Million for Hiding Money w/ Mark Pugsley
Is the Mormon Church honest in all of its dealings? The Securities and Exchange Commission announced charges against The Church of Jesus Christ of Latter-day Saints for obscuring the Church’s money and misstating Ensign Peak’s control over the Church’s investment decisions. To settle the charges, Ensign Peak agreed to pay a $4 million penalty and the Church agreed to pay a $1 million penalty.
SEC Order Against Ensign Peak Advisors & The Church of Jesus Christ of Latter-day Saints
If people want to help they can call the Senate finance committee and urge them to take action and have a hearing on this issue.
Senate Finance Committee phone: 202-224-4515
Senate Finance Committee fax: 202-228-0554
Religion Unplugged article with full Senate Finance Committee memo Whistleblower Details New Allegations About $100 Billion LDS Fund
Mark Pugsley's Law Firm
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