Tag: billions

Mormon Church responds to whistleblower’s financial allegations

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The Church of Jesus Christ of Latter-day Saints pushed back Monday on a "60 Minutes" report detailing a whistleblower's allegations of illegal financial practices by the church and its investment company. Catch up quick: David Nielsen, a former investment adviser…[Continue Reading...]

Mormon whistleblower calls church investments “a clandestine hedge fund”

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The Church of Jesus Christ of Latter-day Saints' finances faced renewed scrutiny Sunday when CBS aired an interview with a whistleblower who alleges the church tried to hide billions of dollars and violated its tax-exempt status. What they’re saying: The…[Continue Reading...]

Mormon church has $100bn ‘clandestine hedge fund’, says whistleblower

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A former investment manager for the Church of Jesus Christ of Latter-day Saints says that the organization stockpiled more than $100bn in funding intended for charity work but never spent it on such projects. “It was really a clandestine hedge…[Continue Reading...]

Mormon who left Wall St. to work for charity blows whistle on what he says is his church’s “clandestine hedge fund”

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Every religion has its mysteries. One of the closest guarded secrets of The Church of Jesus Christ of Latter-day Saints has been its wealth. In this report, you will hear for the first time about its remarkable size from a…[Continue Reading...]

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