When are they going to “claw back” the illegal foreign donations to Obama and Clinton? Or the illegal fraudulent funds donated by Sam Bankman-Fried to many Democrats?
Just more unequal justice.
“no wrongdoing” - then how do they have the authority to make the church do anything?
This seems like a 1A violation.
It’s going to get ugly soon.
I’m sure there are more details not listed here.
Is the business involved bankrupt ,so the SEC cannot retrieve money from that company anymore?
How is the SEC involved anyway in the first place?
If I stole a car, TV, PC, etc. and gave it to someone and they didn’t know it was stolen, they should be allowed to keep it?
“I’ve never heard of such a thing happening to a church.”
Some dude ran a ponzi scheme and he gave money to churches and a school. The suckers that gave him the money are suing to get it back.
With 87,000 new IRS agents you’ll be hearing a lot of this crap.
"Paging Hillary Clinton and Bill Gates".
Oh, that's right. It's only when it's not Democrats.
Without looking, I can guarantee you this is NOT an ELCA affiliated church..
The Right should use this method to confiscate the asset of the liberal foundations, given the dubious and in many cases criminal origins of the money for the Ford, Rockefeller, Gates, Helmsley, Getty Foundations.
The SEC should yes, be able to go after the company who made the donations, but they should have to get whatever money that company owes out of a suit against the company, not by asking the church to pay the money back. The ONLY fraud is on the part of the company, not the church.
A money grab by the government. And if they get away with it you can bet they’ll go after more church organizations. It’s a huge untapped source of revenue that they’re salivating about.
“So far the church has repaid $480,000 from cash reserves and donations and needs to raise another $300,000 within the next two months, or else they say they’ll be forced to sell their building and property to repay the balance owed.”
I saw this movie. Any chance they raised a couple of orphans who became musicians?
This is what they get for preaching somethign bigger than government.
investigate the mormons!
“So far the church has repaid $480,000 from cash reserves and donations and needs to raise another $300,000 within the next two months, or else they say they’ll be forced to sell their building and property to repay the balance owed.”
Take out a loan ...
Ghastly. It’s an LCMC—Lutheran Congregations in Mission for Christ.