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WingsOfGood 02/22/23 9:39:16 AM #1: |
SEC exists for the rich. https://www.nbcnews.com/business/business-news/mormon-church-multibillion-investment-fund-sec-settlement-rcna71603 ... Copied to Clipboard!
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Scintillant 02/22/23 9:39:49 AM #2: |
what does a church need 32 billion dollars for --- whats cat up to ... Copied to Clipboard!
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meestermj 02/22/23 9:39:49 AM #3: |
Crime only exists for the poor in most cases. --- Psn: beastlytoast Left-handed fire-slapsies leave me feeling confused about life. - Merydia ... Copied to Clipboard!
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Spurner 02/22/23 9:40:39 AM #4: |
Those 10% tithes add up ... Copied to Clipboard!
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lww99 02/22/23 9:41:16 AM #5: |
Churches not paying taxes is SO fucking stupid --- http://i65.photobucket.com/albums/h239/nhottbarbwire/owningroad_zps2333f502.gif ... Copied to Clipboard!
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WingsOfGood 02/22/23 9:41:34 AM #6: |
Fyi church pays 1 million Some non profit pays 4 million 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 institution failed to properly disclose its investment holdings. ... Copied to Clipboard!
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WingsOfGood 02/22/23 9:43:07 AM #7: |
lww99 posted... Churches not paying taxes is SO fucking stupid It was hid in an investment funds though, not in churchy stuff. ... Copied to Clipboard!
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CableZL 02/22/23 9:45:18 AM #8: |
And people still give them money. The church convincing the government that they shouldn't be taxed is probably the most successful con job of all time. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg ... Copied to Clipboard!
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DipDipDiver 02/22/23 9:48:34 AM #9: |
So the money was being reported, they were just going to great lengths to hide who it belonged to. And this went on for decades. Like, literally an entire company created just to manage other companies that were created to hide the church's connection to the money. Sounds like a movie ... Copied to Clipboard!
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Mearcstapa 02/22/23 10:00:17 AM #10: |
It's well past time we went full French Revolution/Reign of Terror on tax dodging/cheating billionaires and organizations. --- after years of waiting nothing came ... Copied to Clipboard!
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SenlinDescends 02/22/23 10:02:41 AM #11: |
Mearcstapa posted... It's well past time we went full French Revolution/Reign of Terror on tax dodging/cheating billionaires and organizations.And politicians? --- I am Joyrock, ask me for horror stuff ... Copied to Clipboard!
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Rathinor 02/22/23 10:03:05 AM #12: |
SenlinDescends posted... And politicians?Goes without saying I think ... Copied to Clipboard!
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Jagr_68 02/22/23 10:05:33 AM #13: |
The SEC doesn't enforce tax law which is why the DOT and TIGTA will be next on queue to investigate the laundering operation although that measly fine is still absolutely 100% bullshit. Unfortunately it will take a long time to go through the whole thing (research, subpoena, audit, etc) so the foreseeable future they are getting away with it until then. Treasury doesn't play around when it comes to loose billions being up for grabs. CableZL posted... And people still give them money. Organized religion, truly one of the great root of all evils in this nation not just intellectually but a scam on our infrastructure as well. If institutions were actually honest as say, the Amish who refuse any govt handouts then there wouldn't be such a problem tolerating the idea. --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 ... Copied to Clipboard!
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meestermj 02/22/23 10:07:26 AM #14: |
Jagr_68 posted... The SEC doesn't enforce tax law which is why the DOT and TIGTA will be next on queue to investigate the laundering operation although that measly fine is still absolutely 100% bullshit. Unfortunately it will take a long time to go through the whole thing (research, subpoena, audit, etc) so the foreseeable future they are getting away with it until then. Treasury doesn't play around when it comes to loose billions being up for grabs.The Amish aren't any better than any other religious cult. They're just not a money cult. --- Psn: beastlytoast Left-handed fire-slapsies leave me feeling confused about life. - Merydia ... Copied to Clipboard!
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DaveTheUseless 02/22/23 10:10:29 AM #15: |
I know someone who's a big shot in the Jehovah's Witnesses He said he wasn't trying to convert me Turns out he was forking my personal info over to his cult in the hopes of an eventual conversion (Mormons have similar tactics) --- www.youtube.com/davetheuseless (Mostly Comedic) Creepypasta Channel. Follow me into a solo. It's the Limp. Kid. So whatcha gonna * do *? ... Copied to Clipboard!
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Questionmarktarius 02/22/23 10:12:08 AM #16: |
Scintillant posted... what does a church need 32 billion dollars formagic underwear ... Copied to Clipboard!
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Ruvan22 02/22/23 5:14:02 PM #18: |
DaveTheUseless posted... I know someone who's a big shot in the Jehovah's Witnesses Wait.. he targeted you *Because* you have money? ... Copied to Clipboard!
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Ruvan22 02/22/23 5:15:33 PM #19: |
WingsOfGood posted... Fyi church pays 1 million In a statement, the church said that, starting in 2000, its Ensign Peak investment management group "received and relied upon legal counsel regarding how to comply with its reporting obligations while attempting to maintain the privacy of the portfolio." As a result, it said, Ensign Peak established "separate companies" that each filed required disclosure forms, instead of a single aggregated filing. "Ensign Peak and the Church believe that all securities required to be reported were included in the filings by the separate companies," the church said in its statement. After the SEC expressed concern about Ensign Peaks reporting approach in June 2019, the church said, Ensign Peak "adjusted its approach and began filing a single aggregated report." Since that time, the church said, it had filed 13 quarterly reports in accordance with SEC requirements. "This settlement relates to how the forms were filed previously," the church said. "Ensign Peak and the Church have cooperated with the government over a period of time as we sought resolution. We affirm our commitment to comply with the law, regret mistakes made, and now consider this matter closed." I don't understand their statement - "what we did was illegal but we don't think it should be illegal"? Maybe I'm misinterpreting their words... ... Copied to Clipboard!
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legendary_zell 02/22/23 5:16:01 PM #20: |
DaveTheUseless posted... I know someone who's a big shot in the Jehovah's Witnesses How'd you find this out? --- I gotta be righteous, I gotta be me, I gotta be conscious, I gotta be free, I gotta be able, I gotta attack, I gotta be stable, I gotta be black. ... Copied to Clipboard!
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