Latter Day Saints

SEC Charges The Church of Jesus Christ of Latter-day Saints and Its Investment Management Company for Disclosure Failures and Misstated Filings

The Latter Day Saints have systematically engaged in excess cash accumulation over the decades. This is why the LDS has a purported $150 billion in tax-exempt cash, some of which it uses in ways that violate its 501(c)3 tax-exempt status according to a Whistleblower complaint.

The LDS agreed to pay $5 million in fines which is nothing.

Despite its staggering tax-exempt cash hoard, Church leaders still compel LDS members to keep paying 10% of their income if they want Temple privileges. We see this as an LDS religious extortion scandal, a true Templegate.

LDS insists on its 10% and a yearly Bishop’s conference in necessary for LDS members to undergo. Each adult head of household must review their finances with their local Bishop to ensure they are not “robbing God” by withholding any money.

$150 billion in cash that keeps growing for the sake of accumulating cash. Meanwhile, young LDS couples with large numbers of children to raise are expected to keep paying their weekly 10% tithe.

David Neilson did the right thing by exposing the greed and corruption of the hypocrites at the top of the Church of Jesus Christ of Latter Day Saints.

When it comes to avarice, lies, and the exploitation of its members, LDS leadership is on a par with the Church of Scientology.

One example: Even with $150 billion in cash, young LDS members doing their two-year missionary tour are expected to pay for it themselves. This shifts the financial burden onto their families who are already paying a 10% tithe. Such a disgrace.

The secret backchannel relationship between senior officials of the Latter Day Saints and the Church of Scientology is scandalous is for another story.

3 replies »

  1. I’ve yet to see a religion that isn’t out for power and profit, their tax exempt status is a licence to make money! 🙄

  2. The Church of Splatter Day Taints
    Little David, take notes; these fools make you look like…the small-time,
    rat-fucking, sociopathic cult leader that you are…Oh, wait. Never mind.

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