SALT LAKE CITY (ABC4) — A whistleblower from the Church of Jesus Christ of Latter-day Saints will appear on 60 Minutes on Sunday, May 14 to discuss the alleged misuse of church finances.
It’s not the first time that we’re hearing about the allegations. Back in 2019, David Nielsen, a former employee of the church’s investment firm, claimed the misuse of billions of dollars in tithes — $100 billion, to be exact.
Nielsen reportedly sent a 74-page letter to the IRS alleging the stockpile and misuse of the tithing money. The allegations focus on the church’s investment firm, Ensign Peak Advisors, and its massive portfolio.
In a previous interview with ABC4, David’s brother, Lars, said that David collected documents and information for years before submitting his complaint to the IRS.
Subscribe Now
Nielsen also alleged that of the $100 billion fortune built by the investment arm of the church, hundreds of millions were used to bail out businesses with church ties.
That information was meant to strip the firm and its auxiliary agency, the Church of Jesus Christ of Latter-day Saints, of their non-profit and tax exempt status.
In February of 2023, the SEC charged the church and Ensign Peak Advisors for failing to file forms that would have disclosed the church’s investments, and for instead “filing forms for shell companies that obscured the Church’s...
By Andrew Goudsward WASHINGTON, May 6 (Reuters) – A U.S. judge on Wednesday ruled that the Justice Department can keep 2020 election ballots seized during an FBI search in January, a win for Presi...