PUBLIC CHATTER HAS largely abated regarding the February 21 SEC order and its incumbent fines of $1 million against the Church of Jesus Christ of Latter-day Saints and $4 million against church-owned Ensign Peak Advisors. You can read the specifics in the order by clicking the colored link above (its surprisingly easy to understand), but the tldr; version is that, between 1998 and May, 2018, the First Presidencies and Presiding Bishoprics (identified as “senior leadership” in the order) created 13 shell (or unfunded) companies into which they pretended to transfer portions of the Church’s billions in order to hide it from the public, and then they knowingly falsified documents (F13 forms) to cover it up. This is a civil* crime. The realization that our senior leadership spent two decades willfully committing crime ought to shock members to their core. It does me.
SEC orders are negotiated documents, which means the Church agreed with the accusations as stated in the Feb. 21 order. They did it. For 20 years, the First Presidencies and Presiding Bishoprics willingfully broke the law. The fact is, the following men, each of whom served in either a First Presidency or Presiding Bishopric sometime between 1998 and 2018, made hypocrites of themselves as they illegally hid the Church’s wealth from the SEC, the general public, and, most importantly, from its membership. They are:Continue reading “LDS Sr. Leadership, the SEC, and my Sustaining Vote”