Mormon church sued again over how it uses tithing contributions from members
From the article:
"In February, the U.S. Securities and Exchange Commission fined the church and Ensign Peak $5 million for using shell companies to obscure the size of the investment portfolio under church control. The church agreed to pay $1 million and Ensign Peak will pay $4 million."
I remember being a member and hearing the discussion about how they invest your tithe monies wisely to be profitable servants. Is that what the Lord wanted from them? Or charitable uses of their monies? Those lawsuits appeared to have a statement related to that issue:
"A federal lawsuit filed Tuesday alleges The Church of Jesus Christ of Latter-day Saints investment arm misused hundreds of thousands of dollars donated by three men by investing the money instead of using it for charitable purposes as they claim was promised."
Now I'm not knowledgeable about if and how God directs that church. I am poor class and getting help myself to survive. But when I was LDS I did donate $25,000 and had to serve and not get any money from the church. The lower down serve and pay 10% plus fast offerings and they ask much. I can definitely see members getting angry when things get ugly in that church.
Thoughts?
From the article:
"In February, the U.S. Securities and Exchange Commission fined the church and Ensign Peak $5 million for using shell companies to obscure the size of the investment portfolio under church control. The church agreed to pay $1 million and Ensign Peak will pay $4 million."
I remember being a member and hearing the discussion about how they invest your tithe monies wisely to be profitable servants. Is that what the Lord wanted from them? Or charitable uses of their monies? Those lawsuits appeared to have a statement related to that issue:
"A federal lawsuit filed Tuesday alleges The Church of Jesus Christ of Latter-day Saints investment arm misused hundreds of thousands of dollars donated by three men by investing the money instead of using it for charitable purposes as they claim was promised."
Now I'm not knowledgeable about if and how God directs that church. I am poor class and getting help myself to survive. But when I was LDS I did donate $25,000 and had to serve and not get any money from the church. The lower down serve and pay 10% plus fast offerings and they ask much. I can definitely see members getting angry when things get ugly in that church.
Thoughts?