Mormon Church Pays $5 Million To Settle Accusations It Covered Up $32 Billion Investment Portfolio
The Mormon Church consented to pay $5 million on Tuesday to resolve allegations of misstatements in regulatory filings and lack of disclosure. According to the Securities and Exchange Commission, the Church of Jesus Christ of Latter-day Saints and its investment management firm, Ensign Peak Advisers, failed for 20 years to file forms that would have …