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The Latest Breaking News from Ensign Peak

Jesus Has a Stock Portfolio: NVDA, MSFT, and Other Tech Giants that the Church of Latter-Day Saints Is Betting Big On

The LDS Church and its investment arm have leaned heavily on the AI revolution, and so far it's working out pretty well for them. Here's what institutional investors should take away from the church's gamble.

Barchart

Judge dismisses lawsuit against Mormon church over how it uses donations

A federal judge has dismissed a lawsuit alleging The Church of Jesus Christ of Latter-day Saints investment arm misused hundreds of thousands of dollars in donations by investing the money instead of using it for charitable purposes

The Independent UK

Mormon Church Faces Lawsuit Over Mishandling Of Charity Funds

Donors accuse church of diverting funds to shell companies; $5M fine previously imposed.

Zenger

From analysis to the latest developments in health,
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Latter-day Saints lawsuits raise questions over Mormon tithing – can churches just invest funds members believe are for charity?

Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints – also known as the LDS or Mormon church – and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the…

The Conversation

Mormon church sued again over how it uses tithing contributions from members

A federal lawsuit alleges the investment arm of The Church of Jesus Christ of Latter-day Saints misused hundreds of thousands of dollars donated by three men by investing the money instead of using it for charitable purposes as they claim was promised

The Independent UK

Mormon church has $100bn ‘clandestine hedge fund’, says whistleblower

Former church investment manager claims funds were intended for charity work but spent on for-profit initiatives as a tax dodge

The Guardian - US

Mormon church fined $5m for using shell companies to hide investments from the SEC

The US Securities and Exchange Commission says The Church of Jesus Christ of Latter-day Saints and its investment arm will pay $5m

The Independent UK

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Mormon church fined $5M for obscuring size of portfolio

The U.S. Securities and Exchange Commission says The Church of Jesus Christ of Latter-day Saints and its investment arm will pay $5 million in fines

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