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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 ...
In December 2019, a whistleblower alleged the church holds over $100 billion in investment funds, which are managed by an affiliate, Ensign Peak Advisors; that it failed to use the funds for charitable purposes and instead used them in for-profit ventures; and that it misled contributors and the public about the usage and extent of those funds ...
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 ...
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 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 ...
Warren Steed Jeffs (born December 3, 1955) is an American cult leader who is serving a life sentence in Texas for child sexual assault following two convictions in 2011. He is the president of the Fundamentalist Church of Jesus Christ of Latter-Day Saints, a polygamous cult based in Arizona. [8]
The U.S. Small Business Administration inspector general estimates $136 billion in fraud from the EIDL and $64 billion in fraud from the PPP. For FPUC, the U.S. government Accountability Office ...