The short answer is we don’t know. We can’t know where tithing goes for sure because the church doesn’t and won’t share that information. This is despite the fact that church president Gordon B Hinckley stated when asked why the church wasn’t transparent as is required in many countries. He said that that information belongs …
Continue reading “Where Does Mormon Tithing Go? Read the Fine Print”
The Mormon church is famously secretive (or confidential) with it’s financial disclosures. They say as little as possible about it and are even known to hide money from the IRS and SEC in filing the required tax forms illegally. They’ve been busted by a whistleblower recently and the SEC came looking – they were able …
Continue reading “Mormon Excuses for Zero Financial Transparency”
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 …
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”
