Whistleblower Accuses Mormon Church of Hoarding $100 Billion Intended for Charitable Purposes
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The Mormon Church may be misleading its congregation when it comes to its tax-exempt investment fund, The Washington Post reports.
David Nielsen, a former senior portfolio manager at the Church of Jesus Christ of Latter-day Saints’ investment division, filed a complaint with the Internal Revenue Service in November alleging the Mormon church’s leaders stockpiled $100 billion in surplus donations rather using them for charitable purposes as intended.
David Nielsen, a former senior portfolio manager at the Church of Jesus Christ of Latter-day Saints’ investment division, filed a complaint with the Internal Revenue Service in November alleging the Mormon church’s leaders stockpiled $100 billion in surplus donations rather using them for charitable purposes as intended.
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