The Mormon Church is being fined 5 million because it hid a 32 billion dollar investment fund. This was not accidental. The SEC proved that both the investment firm and church went to great lengths to knowingly hide these assets. For the folks playing along at home, that’s a fine of 0.016% on the investment. Imagine lying on your taxes and you hid an extra $100K offshore and the IRS said “No sweat, pay us $15.63.” If there are no other repercussions, that’s not a fine, that’s encouragement.
Follow
In CA, if you try to hide assets during a divorce, the court mandated resolution is all the assets you tried to hide go to the other side, plus there's a court fine.
Let's put divorce lawyers in charge of the SEC.
