David Nielsen: Money's going in and out on the dollars accounts continuously. But Ensign Peak's cash ended up never used for any charitable purpose, regarding my knowledge The complete time I had been there. So there is a little bit of a distinction listed here that's essential.
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Christopher Waddell: In any given month you could have a mean of nine transfers heading from Ensign Peak again on the church to fund all church functions. All humanitarian perform— instruction work, every one of the do the job from the church they fund.
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The SEC fined the church and Ensign Peak a total of $5 million. Bishop Christopher Waddell told us it had been the church's legal professionals who advised them to build the shell businesses.
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