Members of the Mormon church are required to pay the church a tithe. This tithing is understood to be ten percent of the member’s income. This is the same for children who earn $5 for mowing the lawn to wealthy lawyers and doctors in the church. The church makes much of the sacrifice and blessings …
Continue reading “Development of Mormon Tithing – From Meager Origins to Ensign Peak Billions”
David Nielsen, a former Ensign Peak portfolio manager, shared with his twin brother Lars about the shady practices and massive amounts of money the Mormon church, or the Church of Jesus Christ of Latter-day Saints have in investments. Together the brothers compiled information and reported it to the authorities at the SEC (Securities Exchange Commission) …
Continue reading “Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund””
For the past week, the church has been all over the news. Not for something they will want to draw publicity. The U.S. Securities and Exchange Commission announced that the Church has been fined $5 Million for using shell companies to obscure the size of its investment portfolio. On February 21st, the SEC issued a …
Continue reading “LDS Church’s Misstated Filings to SEC Approved by First Presidency”
In an interview President Gordon B Hinckley explains that the reason the church is not open about their finances is because they think “that information belongs to those who made the contribution”. REPORTER: In my country, the…we say the people’s churches, the protestants, the catholics, they publish all their budgets, to all the public. HINCKLEY: …
Continue reading “That information belongs to those who made the Contribution”
