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On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious ...
The US Securities and Exchange Commission says The Church of Jesus Christ of Latter-day Saints and its investment arm will pay $5m Mormon church fined $5m for using shell companies to hide ...
In 2022, a bankruptcy judge approved a reorganization plan for the Boy Scouts of America to settle claims of child sexual abuse by troop leaders. The original plan was to include a US$ 250 million payment from the LDS Church, but the judge refused to approve that part of the settlement proposal, stating it went too far in attempting to protect the LDS Church from abuse claims that were only ...
The legal action brings more scrutiny about how the faith known widely as the Mormon church handles its vast financial holdings bolstered by so-called “tithing” from by members who contribute ...
This is a list of well-known Mormon dissidents or other members of the Church of Jesus Christ of Latter-day Saints (LDS Church) who have either been excommunicated or have resigned from the church – as well as of individuals no longer self-identifying as LDS and those inactive individuals who are on record as not believing and/or not participating in the church.
[189] Within 50 years of Mormon settlement, the population of Utah's Native Americans was reduced by almost 90%. [190] The church ran an Indian Placement Program between the 1950s and the 1990s, wherein indigenous children were adopted by white church members. Criticism resulted during and after the program, including claims of improper ...
The investment arm of the Mormon church revealed its stock holdings in a 13F filing last week. The church has amassed a portfolio of individual stocks worth $55 billion. A top AI stock is a new ...