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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 ...
These references in the Book of Mormon refer to those presumed to be the ancestors of Native Americans, not people of African descent. [142] Joseph Fielding Smith, later president of the church, wrote in a 1963 letter that people with dark skin were less faithful in the pre-mortal life, and as such, did not warrant the blessings of the priesthood.
Ensign Peak Advisors (/ ˈ ɛ n s aɪ n / EN-syne) [3] (EP) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church). [4]In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. [4]
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 ...
The Church of Jesus Christ of Latter-day Saints defended Tuesday how it uses and invests member donations after a former church employee charged in a complaint to the Internal Revenue Service that ...
In response to criticism that the videos were mocking Runnells and other disaffected Latter Day Saints, FairMormon chairman John Lynch said, "We are not trying to mock the people who are affected by the 'CES Letter,' ... We are mocking the letter itself and signal to people that this is a deceitful document, not to be taken seriously."
Recently, one of our investigations led to 19 U.S. Postal Service employees and former employees in central Illinois being charged with defrauding the PPP by claiming bogus expenses in fictitious ...