A Nine Page Report on Hiding LDS Church Investments
Last week, the United States Securities and Exchange Commission issued a cease-and-desist to the Church of Jesus Christ of Latter-day Saints, along with a $5 million fine.
The nine-page document details the great lengths taken by the LDS Church to hide its investments including clone companies out of state. What is the significance of the SEC report? One of our guests, Mark Pugsley, says it’s less about the monetary fine — the statement is the real punishment. Today, we are talking about the wealth of the LDS Church, and the moral question of what they do with their money. Join us Friday at noon and Saturday at 11 a.m.
You can read the Securities and Exchange Commission report here.
Tony Semerad | Reporter with The Salt Lake Tribune; @TonySemerad.
You can read his article here
- Mark Pugsley | Co-Founder and Partner of Pugsley Wood LLP. @Utahsecurities
Sam Brunson | Professor of Law at Loyola University Chicago and contributor to the blog By Common Consent @smbrnsn. You can read his blog piece here.
Airdate: Friday, Mar. 3, 2023 at 12 p.m. and Saturday, Mar.. 4, at 11 a.m.