The church brags about how much they give and donate to humanitarian efforts and welfare. But on the other hand, they do their best to hide how much they don’t give. They have hundreds of billions of dollars siphoned from tithing donations, which they invest and use to purchase real estate and operate their for-profit …
Continue reading “Mormon Church Relatively Meager Humanitarian Efforts”
The popular news program 60 Minutes released a segment on its program discussing the obscene wealth of the church and the whistleblower complaint filed by David Nielsen. His complaint alleges that the Mormon Church claims to behave as a non-profit charity, but in reality, is a for-profit corporation pursuing investments and investments. The church never …
Continue reading “Whistleblower News Prompts Vacant Responses from LDS Corp”
The show 60 Minutes broadcast a segment about the Mormon Billions. Sharyn Alfonsi follows up with whistleblower David Nielsen who resigned from his position at Ensign Peak Advisors and wrote the whistleblower report in 2019. Since then, the Mormon church has been fined 5 million dollars by the SEC for illegal filing practices, but Nielsen …
The Mormon church was recently charged with fraud and reached a settlement with the SEC agreeing to pay five million dollars. Their chief infraction was failing to properly file and misstating in filings they did submit about the church investments with the church-owned investment company Ensign Peak Advisors. The fraud reached all the way to …
Continue reading “Why the Mormon Church Hid Billions of Dollars of Investments?”
Hinckley made it clear that the church doesn’t share financial statements because the information belongs to those who made the contribution. Since 1959, Church finances have not been disclosed to the public, and we can see that church leaders have actively tried to hide finances from the public. Even so, there are disclosures that can …
Continue reading “Church Finances: Follow the Prophet, He has the Money”
Tax time in the US and as people are leaving the church, they are receiving real blessings. In many countries, donating money to a charitable organization is tax deductible, meaning this decreases your taxable income. This is a perk to tithing for some people, it can save you some money on your taxes, though not …
Continue reading “Stop Paying Tithing and Challenge the Tax Exemption Status of the Mormon Church”
BYU–Hawaii presented an international concert and devotional by recording artist, Dr. David Glen Hatch, on Thursday, April 4, 2023, in the McKay Auditorium. Brother Hatch, who has published sheet music as well as recordings at church-owned Deseret Book, performed some piano pieces and spoke to the audience in this devotional. Brother Hatch warns of the …
Continue reading “Mormon Fearmongering & Marginalizing Liberal Agenda at BYU Devotional”
Elder Dallin H. Oaks, previous Justice of the State of Utah Supreme Court, but currently in the First Presidency of the Mormon church, submitted a “testimony” to the Senate Finance Committee Hearing in 2011 regarding the debate on whether charitable deductions should be considered when calculating taxes. In other words, he’s talking about the tax-exempt …
Continue reading “Dallin Oaks Lectures Senate Committee regarding Honesty”
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”
