Posted by:
Rubicon
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Date: February 23, 2023 03:29AM
Mormon Stories interviewed a lawyer over the Securities and Exchange Commission’s fine against the LDS Church and Ensign Peak. Ensign Peak to their credit informed the First Presidency that forms needed to be filed. This began when Hinkley was president and he chose to violate the law to hide the excess money the church was investing.
As the amount of money Ensign Peak was managing grew, Thomas S. Monson decided to create fake front companies and have church employees sign and file forms. As the amount of money grew more front companies were needed.
Of course in the end you have whistle blowers and with one of the biggest portfolios in the county it becomes impossible to hide. The buck stops with the church president. He gives the orders. The bottom line is the president of the church is responsible for deceiving the church membership and the US Government. He’s responsible for making church employees commit fraud by signing fake forms for fake companies. Also what kind of oversight is over the funds at Ensign Peak? It’s hard to have a proper accounting of money that you are trying to hide.
The bottom line is Russell M Nelson and the previous two church presidents were committing fraud against both the US Government and the church membership. The whole deception was so members would continue to pay tithing.
$5 million is pretty light for the crime but now church leaders are going to be asking church members if they pay a full tithe and are they honest in their personal affairs in temple recommend interviews. Both leaders and members might have some problems with this.
Three church presidents violated the trust of the membership. Some of these people sacrificed big time to pay that tithing. This very well could be the biggest disaster for the church in a long time. I guess we will see how brainwashed the membership really are.
Well Russ might dodge jail time but having this explode on his watch and the repercussions will be additional punishment. When I was a financial clerk I heard lectures over and over about sacred funds. As a bishopric we were expected to be honest with the members and we were. Too bad the First Presidency wasn’t as honest as they expected their clerks and bishops to be.