A former employee of a $100 billion investment fund owned by The Church of Jesus Christ of Latter-day Saints gave an interview on national TV about his experience working at the Salt Lake City-based Ensign Peak Advisors Inc. and what drove him to file a whistleblower complaint with the IRS and other government entities.
“I thought I was going to work for a charity. — I thought that’s what my skills were gonna do,” said David A. Nielsen, a former senior portfolio manager at EPA in an interview with Sharyn Alfonsi on the CBS network’s flagship news magazine program, “60 Minutes.” “The funds were never used for that. It was really a clandestine hedge fund.”
David Nielsen is blowing the whistle on the Mormon church’s investment firm, Ensign Peak Advisors.
— 60 Minutes (@60Minutes) May 14, 2023
“I thought I was going to work for a charity… The funds were never used for that,” said the former manager, who is accusing the church of stockpiling funds. pic.twitter.com/hspaqf46Mu
ReligionUnplugged.com and The Washington Post broke the original stories about Nielsen’s complaint to the IRS Whistleblower Office in 2019 as the document was leaked to ReligionUnplugged.com and other outlets by Nielsen’s twin brother, Lars Nielsen, in the fall of 2019.
ReligionUnplugged.com has continued to follow the story ever since as the Securities and Exchange Commission required EPA to start making more transparent filings each quarter and imposed $5 million in penalties on EPA in February. The SEC...
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