Atheism@lemmy.worldEnglish · 1 year ago

Mormon church fined over scheme to hide $32 billion investment fund behind shell companies

www.nbcnews.com

cross-posted to:
news@hexbear.net

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Mormon church fined over scheme to hide $32 billion investment fund behind shell companies

www.nbcnews.com

Lanky_Pomegranate530@midwest.social to

Atheism@lemmy.worldEnglish · 1 year ago

cross-posted to:
news@hexbear.net

Feds fine Mormon church for illicitly hiding $32 billion investment fund behind shell companies

www.nbcnews.com

The Church of Jesus Christ of Latter-day Saints engaged in the scheme for more than 20 years.

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If the average APY is 5%, it’s about a day of interest.

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