SALT LAKE CITY (KUTV) — During a report which aired Sunday night on “60 Minutes” regarding the Church of Jesus Christ of Latter-day Saints and it’s financial matters, a financial whistleblower called the Church’s affiliated investment managing group, “a clandestine hedge fund.”
In the 13-plus minute television piece, the correspondent also referenced "Mormon Leaks," a whistleblowing organization that focused on exposing the Church. The organization began in 2016 but curtailed operations in 2022.
“I have long maintained, I’ve said many times in the past that the church wants people to believe that they’re a church that dabbles in business, my contention is that they’re a business that dabbles in religion,” said Ryan McKnight, Co-Founder of Mormon Leaks – Truth & Transparency. “I think the average person looks at it (the report) and they kind of see the black and white issue with the charitable organization not being forthright with their finance and I think that’s clearly true, how much is that illegal, I think is a question mark, unethical, 100%.”
McKnight told 2News he hasn’t ever been concerned with how much money the Church has, it’s how they inform their stakeholders.
“When I would get messages of support from active Mormons, which sometimes happened, it was always about the transparency...
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