Feds fine Mormon church for illicitly hiding $32 billion investment fund behind shell companies
The Church of Jesus Christ of Latter-day Saints engaged in the scheme for more than 20 years.
NBC News
The SEC accused the church Tuesday of going to "great lengths" to avoid disclosing its investments and, in doing so, "depriving the commission and the investing public of accurate market information.”
Seems nice and then you read that the fine was $5 million dollars -_- I get that it wasn't embezzling or anything, but still, another notch in the belt for our poorly aligned financial crime incentives.