NoahThe Mormon Church is being fined 5 million because it hid a 32 billion dollar investment fund. This was not accidental. The SEC proved that both the investment firm and church went to great lengths to knowingly hide these assets. For the folks playing along at home, that’s a fine of 0.016% on the investment. Imagine lying on your taxes and you hid an extra $100K offshore and the IRS said “No sweat, pay us $15.63.” If there are no other repercussions, that’s not a fine, that’s encouragement.
nshrubs@monkeyninja You should see how the church-owned news station has downplayed this whole situation in Utah. Lots of excuses, lots of trying to make it seem like no big deal, they made a mistake & accepted responsibility, etc. 🙄