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The Q12 currently only has an "acting" President - and he’s a proven fraudster!
Posted: Mon Dec 19, 2022 10:01 am
by IHAQ
President M. Russell Ballard has served as a member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter–day Saints since October 6, 1985. He was sustained and set apart as Acting President of the Quorum of the Twelve Apostles by President Russell M. Nelson on January 14, 2018.
https://www.churchofjesuschrist.org/lea ... d?lang=eng
Why wasn't he called and set apart simply as "President"? I may be able to answer my own question - Oaks is still designated as President of the Q12. He didn't relinquish that when called as counsellor in the FP. Why not?
Interestingly, Ballard is a proven fraudster.
In 1961, Ballard was the president of Keystone Securities Corporation in Salt Lake City. The Securities and Exchange Commission opened an investigation into Keystone in 1962 after accusations that Ballard and Keystone had violated the Securities and Exchange Act of 1934 and the Securities Act of 1933. The investigation centered around "manipulation and fraud."[15] The SEC completed its investigation in 1963. Keystone, with Ballard as the primary cause, was found to have violated the Securities Act of 1933 in the following charges: providing false statements to the SEC, and aiding and abetting Shasta Mineral and Chemical Company in making false statements that included misrepresenting the relationships of the Shasta officers with both Ballard and Keystone. The SEC revoked the broker-dealer registration of Keystone as a result.[16]
https://en.wikipedia.org/wiki/M._Russell_Ballard
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 5:17 pm
by Rivendale
IHAQ wrote: ↑Mon Dec 19, 2022 10:01 am
President M. Russell Ballard has served as a member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter–day Saints since October 6, 1985. He was sustained and set apart as Acting President of the Quorum of the Twelve Apostles by President Russell M. Nelson on January 14, 2018.
https://www.churchofjesuschrist.org/lea ... d?lang=eng
Why wasn't he called and set apart simply as "President"? I may be able to answer my own question - Oaks is still designated as President of the Q12. He didn't relinquish that when called as counsellor in the FP. Why not?
Interestingly, Ballard is a proven fraudster.
In 1961, Ballard was the president of Keystone Securities Corporation in Salt Lake City. The Securities and Exchange Commission opened an investigation into Keystone in 1962 after accusations that Ballard and Keystone had violated the Securities and Exchange Act of 1934 and the Securities Act of 1933. The investigation centered around "manipulation and fraud."[15] The SEC completed its investigation in 1963. Keystone, with Ballard as the primary cause, was found to have violated the Securities Act of 1933 in the following charges: providing false statements to the SEC, and aiding and abetting Shasta Mineral and Chemical Company in making false statements that included misrepresenting the relationships of the Shasta officers with both Ballard and Keystone. The SEC revoked the broker-dealer registration of Keystone as a result.[16]
https://en.wikipedia.org/wiki/M._Russell_Ballard
I made a post on reddit about this and asked if someone would update the Wiki page. Glad to see it is still there.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 5:35 pm
by dastardly stem
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 5:50 pm
by Rivendale
dastardly stem wrote: ↑Mon Dec 19, 2022 5:35 pm
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
Yes he is a little shady.
“We would have to say, as two apostles who have covered the world and know the history of the Church and know the integrity of the First Presidency and the Quorum of the Twelve from the beginning, there has been no attempt on the part of the Church leaders to try to hide anything from anybody.”
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 6:29 pm
by drumdude
But these men love us! They know each of us individually and only want the best for us! They want us to know the blessings of giving 10 percent of our money to their control. And spending 2 hours every week learning to obey them and never criticize them.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 6:50 pm
by Res Ipsa
dastardly stem wrote: ↑Mon Dec 19, 2022 5:35 pm
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
It doesn't. Conviction refers to being found guilty of a crime. A suspension of a license by the SEC is not a "conviction" of anything. This is why God created Section 230 of the Communications Decency Act.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 8:26 pm
by BeNotDeceived
Wasn't there also some sort of shenanigans that went on with Ballard and his family's theater operation in Ogden back in the '70's? His family was on the verge of losing the theater and suffering tremendous financial setbacks when the 'church' stepped in and bought it and/or saved his family from ruin, after which he was made an 'apostle'.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 8:39 pm
by IHAQ
dastardly stem wrote: ↑Mon Dec 19, 2022 5:35 pm
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
I think it’s semantics, but I’ve amended the OP to say “proven” fraudster.
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 9:17 pm
by Res Ipsa
IHAQ wrote: ↑Mon Dec 19, 2022 8:39 pm
dastardly stem wrote: ↑Mon Dec 19, 2022 5:35 pm
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
I think it’s semantics, but I’ve amended the opening post to say “proven” fraudster.
Whether it's semantics are not, the difference is a pretty good illustration of the line between an actionable defamatory statement and a non-actionable statement of opinion. (I say that just as an informational follow up to previous discussions we've had about lawsuits for defamation and not out of any concern over your original title.)
Re: The Q12 currently only has an "acting" President - and he’s a convicted fraudster!
Posted: Mon Dec 19, 2022 9:47 pm
by sock puppet
IHAQ wrote: ↑Mon Dec 19, 2022 8:39 pm
dastardly stem wrote: ↑Mon Dec 19, 2022 5:35 pm
I don't think this means Ballard was convicted of anything. But I do say the incident made him come off a bit shady.
I think it’s semantics, but I’ve amended the opening post to say “proven” fraudster.
That there had been violations of Securities laws, including misleading information, was the finding of the SEC after an investigation. That of itself is very damning.