Dave Winslow: 'While proclaiming they speak for God, the brethren must now prove they do not serve mammon instead.'
The Angel Moroni atop The Church of Jesus Christ of Latter-day Saints' Bountiful Temple, Dec. 10, 2022.Recent Salt Lake Tribune articles detailand the Securities and Exchange Commission investigation of Ensign Peak Advisors, the investment firm owned by The Church of Jesus Christ of Latter-day Saints.
Following the whistleblower’s S100 billion fund revelations in 2019, the CEO of Ensign Peak acknowledged the firm created over a dozen shell companies to render its stock portfolio harder to track. The stated justification was to protect members from mismanaging personal funds through imitating Ensign Peak investment patterns. Church officials also characterized the fund as a “rainy-day account” and to help fund operations in poorer parts of the world.
Imagine if the church would have expanded support to members and non-members, local congregations and worldwide. This would have resulted in favorable publicity as well as increased activity, commitment and conversion instead of the current accelerated disaffection and falling convert baptisms.asked LDS President Gordon B. Hinckley
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