State planning to bow out of complex FLDS trust fund

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  • rhappahannock Washington, DC
    Feb. 17, 2013 12:33 p.m.

    The honorable Dee Benson had it right - this is a constitutional violation. No government should be managing a religious trust - clear violation of the establishment of religion clause. Would you want Obama or FDR seizing the assets of the LDS and Catholic churches because they oppose him on various moral issues?

    If you just put $110 million in the bank for 8 years you earn ~$10 million. The trust should easily be up to $120 million plus, as it had grown from essentially $0 to $110 M in ~50 years. It is clear it has been horribly mismanaged by Wisan, and he deserves a mismanagement lawsuit by the beneficiaries - just like the Princess Bishop Trust in Hawaii.

    It is clear that financial enrichment has been a prime motive of the anti-FLDS. Who knows how many iPods, cameras, camcorders, and cash that were seized as "evidence" in Texas never made it to the courthouse, and were taken for personal use by Texas social workers and state troopers.

  • SteveSGU St. George, UT
    Feb. 16, 2013 10:01 p.m.

    There is no such thing as an LDS Church that is fundamentalist; therefore the phrase "Fundamentalist LDS Church" means nothing. You should have referred to the Fundamentalist Church of Jesus Christ of Latter Day Saints, but if you want a short version, that would be the FLDS Church.

  • Cinci Man FT MITCHELL, KY
    Feb. 16, 2013 5:10 p.m.

    How many phone calls and letters were executed in order to create a bill of 5.7 million bucks?

  • the old switcharoo mesa, AZ
    Feb. 16, 2013 7:08 a.m.

    $5,7 million for management of 8 years? Seems like the pot calling the kettle black in money mismanagement to me.

  • JoeBlow Far East USA, SC
    Feb. 16, 2013 5:58 a.m.

    "Since the state took over the trust in 2005, state-appointed fiduciary Bruce Wisan, his attorneys and others charged with managing the $110 million-plus trust have racked up $5.7 million in fees."

    Big surprise there.