Church’s propensity for secrecy likely was a cause of deception that led to $5M fine
SEC order detailed creation of shell companies to hide investments
![Church Office Building with U.S. flag flying in front Church Office Building with U.S. flag flying in front](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F820df6e3-8a77-492b-816d-0987d7472ec2_798x600.jpeg)
It has long been no secret that The Church of Jesus Christ of Latter-day Saints has billions of dollars in assets, not only in its thousands of buildings scattered throughout…