Whistleblower claims that LDS Church stockpiled $100 billion in charitable donations, dodged taxes. Exposing Misconduct.

Whistleblower claims that LDS Church stockpiled $100 billion in charitable donations, dodged taxes

December 21, 2019

A whistleblower complaint to the IRS accuses The Church of Jesus Christ of Latter-day Saints of building a $100 billion investment portfolio using donations intended for charitable purposes, potentially in violation of federal tax laws, according to a Monday report published by The Washington Post.

The complaint was filed by David Nielsen, a former portfolio manager for the church’s nonprofit investment arm Ensign Peak Advisors, with the help of his brother Lars Nielsen, who spoke with and provided supporting documents to The Post.

Read more here.
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