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Mormon Church pays $5 million to settle accusations it covered up $32 billion investment portfolio

Por: ABC News Nation February 21, 2023

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The Mormon Church agreed Tuesday to pay $5 million to settle charges involving disclosure failures and misstated regulatory filings.The Church of Jesus Christ of Latter-day Saints and its investment management company, Ensign Peak Advisers, failed for 20 years to file forms that would have disclosed the church's equity investments and, instead, filed forms for shell companies that obscured the church's portfolio, according to the... + full article



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