Aaron32
Well-known member
Where's the lie? When did the church claim they've spent all donations and need more money?
Moreover, I'm surprised of all the left wing liberals here that don't believe in privacy of privately owned organizations.
SCC v. COJCOLDS Settlement agreement
- Thread starter Markk
- Start date
Moreover, I'm surprised of all the left wing liberals here that don't believe in privacy of privately owned organizations.
Richard7
Well-known member
It was a regulation Markk, they did not meet the standards and regualtions of the SEC. How come it took a whistleblower to bring it to their attention. Where were the regulators? out to lunch most likely.
Were the also lying abut polgamny? were the laws at that time specific or mostly a grey area... hmm
I wonder what the apostles thought when one by one they were killed off! They stood strong knowing that the Doctrine of Christ or plan of Salvation was still true...
Magdalena
Well-known member
They didn’t file the reports with the government. They lied to them about why and tried to blame it on someone else besides the church leaders who were running it. They were hiding the money. They admitted they hid it so members wouldn’t stop paying tithing.
They constantly say they need more money. They constantly harp on members to pay tithing, fast offerings and other donations. You have to go to settlement meeting every year to tell them you’re paying a full 10%.
I‘m not left wing. I believe in honesty.
Richard7
Well-known member
They were being smart and keeping it confidential... folks like you would be screaming at them on how the money should be spent... chuckle.
False and false.... no one has to go to settlement, no one Magdalena....
Do do we and also the conviction that God is in charge of the Storehouse, after all its called His storehouse... hmm
Aaron32
Well-known member
You seriously got to lay off the kool-aid. the Church leaders were not "running it". They have better things to do.
Read the documents. Find any quote that says "[we] did it so members wouldn't stop paying tithing."
It was an administrative error, and a difference in interpretation of the tax law. They effectively got a slap on the wrist.
Lol! When?
The law of tithing is biblical, it's not isolated to LDS.
And yes, the bishop, being a judge in Israel holds the people accountable. So what?
Are you going to now claim Peter doing the same in Acts is wrong?
No, you don't believe in rights of privacy, as seems the violation so guilty is that the Church hasn't confessed everything they own to the eyes of the public.
What's the amount of your IRA account? Don't the like the question? Is it none of my business? I'd probably agree with your answers.
Our country is going into debt a trillion per year, and your biggest concern is how a church you don't belong to is protecting their wealth? Just think about that for a moment.
We can all do more, for sure Aaron...and we can also tithe and give to open and transparent charities and churches, as I do.
We are talking about life changing funds here...hospitals and medicine in an imaginal amount.
If you don't see that, you never will.
You are just making excuses. 150 billion dollars Aaron.
That one blows my mind...the prophet lied in all reality...and made others do it for them by signing they were managers...you don't get it.
Magdalena
Well-known member
They were lying.
Sure they do. They would always call to set up appointments for us.
So you think God put all that money in fake shell companies and offshore accounts?
Ralf, most every investment firm has a internal "regulator" so to speak to make sure they follow the rules. The LDS church did not. Are you really saying that government regulators should keep a church that claims to be the only true Christian church honest?
It was a 3-page form that they needed to fill out, honestly?
edit are you kidding me? You are saying a corporation with a 150-billion-dollar portfolio cannot figure out how to honestly fill out a 3-page form that a high school student could fill out?
But I will note, you believe that government regulators need to keep the LDS church honest in that the church is too inept to fill out a simple 13f form.
what a joke ralf.
Here is the 3-page form they could not fill ou
Focus, the whistle blower let the SEC know the church was cheating on the forms.
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Magdalena
Well-known member
You read the documents and listen to the interviews. The Presiding Bishopric is in charge of Ensign Peak. And the First Presidency signs off on all decisions. They are definitely running it. And all the fake shell companies and offshore accounts.
“Roger Clarke, the head of Ensign Peak Advisors, told the Journal that church leaders were concerned that knowledge of the fund would discourage regular donations from its members known as tithes.”
The Mormon Church settles allegations it hid $32 billion in investments. A top exec said the church was worried its staggering wealth would cause members to stop donating.
The SEC announced that the church and its investment arm will pay a combined $5 million to settle charges alleging it tried to conceal its wealth.
www.businessinsider.com
It was no error, for 22 years. The Mormon church has high priced attorneys and accountants to tell them how to manage things legally. They made the choice not to.
Every conference. Every Ensign. Every talk about tithing. Every lesson manual. Every handbook.
It’s how it’s used that is the issue.
No, it’s that they’ve been hoarding earthly treasure and not using it to help those in need.
I don’t have one.
I don’t care.
This is not by any means my biggest concern.
But it is a concern, and rightly so, because I paid into it for most of my life. Thinking that I was helping people, and trusting that the Mormon church was making that happen. “Trust the prophets, they’ll never lead you astray.” And they were lying. And the money wasn’t helping anyone. Just think about that for a moment.
Richard7
Well-known member
150 billion? yes!
Nice!
Yes, they were using a grey area to keep things confedential.
Richard7
Well-known member
Yet, the truth is that the Book of Mormon, the Priesthood of God and doctrine are all true.. Even our prophets are not infallibale...You read the documents and listen to the interviews. The Presiding Bishopric is in charge of Ensign Peak. And the First Presidency signs off on all decisions. They are definitely running it. And all the fake shell companies and offshore accounts.
“Roger Clarke, the head of Ensign Peak Advisors, told the Journal that church leaders were concerned that knowledge of the fund would discourage regular donations from its members known as tithes.”
The Mormon Church settles allegations it hid $32 billion in investments. A top exec said the church was worried its staggering wealth would cause members to stop donating.
The SEC announced that the church and its investment arm will pay a combined $5 million to settle charges alleging it tried to conceal its wealth.
It was no error, for 22 years. The Mormon church has high priced attorneys and accountants to tell them how to manage things legally. They made the choice not to.
Every conference. Every Ensign. Every talk about tithing. Every lesson manual. Every handbook.
It’s how it’s used that is the issue.
No, it’s that they’ve been hoarding earthly treasure and not using it to help those in need.
I don’t have one.
I don’t care.
This is not by any means my biggest concern.
But it is a concern, and rightly so, because I paid into it for most of my life. Thinking that I was helping people, and trusting that the Mormon church was making that happen. “Trust the prophets, they’ll never lead you astray.” And they were lying. And the money wasn’t helping anyone. Just think about that for a moment.
You totally ducked your ignorant statement...blaming the SEC for the church lying and cheating on the forms. Not to mention the moral implications of making mangers sign a document falsely.
It was not a grey area! They purposely lied and were fined 4 million and 1 million respectively, for their admitted crime.
Do you understand after seeing the form, that the church lied when they instructed the person to fill it out and lie. Just so you know, because I doubt you actually read the order...the church had 20 some mangers over the years sign the form and insert the place they signed it at various locations across the United States, and not one person signed it that they were in Utah, yet every one of them was in Utah. And the manager that signed them did so saying that they were managing the LLC...yet as Harris said...they were just pawns who most likely never traded a stock before in their lives.
To blame this on the SEC, as you did, and now wiggling backwards trying to say it was just a grey area is pathetic, and really shows how much of a cult the church is, and how it demands total allegiance to it, even to the length of ignoring the Saviors teachings on being honest and true, in order to protect the crimes of the men in three first presidencies.
Even when I was a member, in the cult, could not have justified their behavior, at least I hope I wouldn't have.
Bearing your testimony does not erase the crime they committed, and plea bargained out of. Are you admitting they committed a crime here?
Richard7
Well-known member
Edit! chuckle. I see you softened your poison of the well... hmm
Crime, okay show the verdict which includes crime? nice try.
Yep, that's exactly what happened. I'm sure its very clear now that they will have to proceed in carefully following the regulations...
Nobody I know has condoned the behavior, not a crime but there was prevarication and those who thought it was no big deal...
HUH..!!!
Ralf, they agreed to a plea bargain agreement and paid 5 million dollars. What they did was a crime. Are you saying that accepting a plea bargin agreement is not an admission of guilt to a crime?
Focus, they were busted back in 2019 or so, and since then, at least a few quarters after they were busted, they started obeying the SEC laws. Th crime was committed prior to that time.
Bull, it was a crime, and they were fined 5 million dollars for their crime. LOL.."prevarication?" Yes, they lied...from the top, the LDS prophet lied and falsified the reports, and hid their money. I hope you are proud of that.
You simply have no idea what you are talking about, did you read the order/plea bargain agreement?
Magdalena
Well-known member
if a politician said to you, “ok, I lied about some things, but everything else I said was true,” would you send him all your money?
Created
Member
I'd bet they had plenty of Pharisees.