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Posted by: schrodingerscat ( )
Date: February 11, 2023 08:44PM

SEC Reportedly Probes Mormon Church Over $100 Billion Investment Portfolio Allegedly Saved For ‘Second Coming Of Christ’

Sources close to the matter told the Journal the investigation is likely to lead to a settlement.

TOPLINE

The Securities Exchange Commission is investigating the Mormon Church over allegations it failed to disclose investments in a secretive $100 billion portfolio, the Wall Street Journal reported Friday, years after the church was accused of skirting tax rules and deceiving donors to build up a fund one leader purportedly suggested could be used in the "second coming of Christ.”

The church did not respond to a Forbes inquiry for comment, although the church had previously said the investment portfolio was intended as a rainy-day account.“

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Posted by: [|] ( )
Date: February 11, 2023 08:47PM


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Posted by: bradley ( )
Date: February 11, 2023 09:38PM

"Investment Portfolio Allegedly Saved For ‘Second Coming Of Christ’

Sources close to the matter told the Journal the investigation is likely to lead to a settlement."

Will a man rob God? He will if he's the SEC.

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