The church invests in Hamas
Posted: December 16th, 2023, 3:58 pm
Forwarded without comment: Ensign Peak Advisors purchased 200,000 shares of a Hamas-owned business.
https://www.nytimes.com/2023/12/16/worl ... tacks.html
"It’s one more in a series of failures and miscalculations by leaders who were given critical information and failed to understand it and act on it. Everyone was so focused on sanctions on Iran, Hamas was effectively ignored while Hamas pursued terror capitalism. The connections with otherwise legitimate financial actors are insidious — “The Church of Jesus Christ of Latter-day Saints invested tens of thousands of dollars before the company was placed under sanction.”
"That money, American and Israeli officials now say, helped Hamas build up its military infrastructure and helped lay the groundwork for the Oct. 7 attacks. 'Everyone is talking about failures of intelligence on Oct. 7, but no one is talking about the failure to stop the money,' said Udi Levy, a former chief of Mossad’s economic warfare division. 'It’s the money — the money — that allowed this.' At its peak, Israeli and American officials now say, the portfolio had a value of roughly half a billion dollars....
...The Turkish company at the heart of the operation had such a sheen of legitimacy that major American and European banks managed shares on behalf of clients. The Church of Jesus Christ of Latter-day Saints invested tens of thousands of dollars before the company was placed under sanction."
https://www.nytimes.com/2023/12/16/worl ... tacks.html
"It’s one more in a series of failures and miscalculations by leaders who were given critical information and failed to understand it and act on it. Everyone was so focused on sanctions on Iran, Hamas was effectively ignored while Hamas pursued terror capitalism. The connections with otherwise legitimate financial actors are insidious — “The Church of Jesus Christ of Latter-day Saints invested tens of thousands of dollars before the company was placed under sanction.”
"That money, American and Israeli officials now say, helped Hamas build up its military infrastructure and helped lay the groundwork for the Oct. 7 attacks. 'Everyone is talking about failures of intelligence on Oct. 7, but no one is talking about the failure to stop the money,' said Udi Levy, a former chief of Mossad’s economic warfare division. 'It’s the money — the money — that allowed this.' At its peak, Israeli and American officials now say, the portfolio had a value of roughly half a billion dollars....
...The Turkish company at the heart of the operation had such a sheen of legitimacy that major American and European banks managed shares on behalf of clients. The Church of Jesus Christ of Latter-day Saints invested tens of thousands of dollars before the company was placed under sanction."