The LDS Church Corporation is currently involved in many many lawsuits. One such is a RICO case, where the church is being accused of behavior more similar to an organized crime network, like the mafia, than a religious institution. What is RICO? A RICO case refers to charges brought under the Racketeer Influenced and Corrupt …
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Are Mormon Church Leaders Paid?
The church makes misleading statements about how much the Apostles and Prophets of the LDS church are paid. They state regularly that there is no paid ministry, no professional clergy, and that no one is paid for their church service. This omits the fact that all senior leaders in the church are paid what they …
How Much Are Mormon Church Leaders Compensated?
The church makes a big deal about having no paid clergy. They proclaim that the church is led by a lay ministry of volunteers and no one is compensated for their work or service in the church. Church Led by Volunteer Service The missionaries are taught this fact, and all the missionaries are required to …
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Mormon Excuses for Zero Financial Transparency
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 …
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Church Finances: Follow the Prophet, He has the Money
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 …
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Development of Mormon Tithing – From Meager Origins to Ensign Peak Billions
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 …
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Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund”
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) …
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LDS Church’s Misstated Filings to SEC Approved by First Presidency
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 …
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That information belongs to those who made the Contribution
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: …
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The Tithing … Ellipsis
Punctuation Lesson An ellipsis (…) is used to omit unnecessary detail from a quote. It usually indicates an intentional omission of a word, sentence, or whole section from a text without altering its original meaning. (It also functions to indicate that the speaker has trailed off and left a sentence or thought unfinished. Like here… …