The Church of Jesus Christ of Latter-day Saints (LDS) rejected the allegations brought forth by a whistleblower who claimed in a "60 Minutes" interview that the Church is operating a "clandestine hedge fund" after having accumulated more than $100 billion in assets.
David Nielsen, who worked for nine years at The Church of Jesus Christ of Latter-day Saints’ investment arm, Ensign Peak Advisers, argued that the church should lose its tax-exempt status for allegedly not using the money for charitable purposes.
In a statement to Fox News Digital, a spokesperson for the church condemned Nielsen's claims and the "60 Minutes" report.
"The Church believes in being financially responsible by carefully ensuring it has adequate resources available to fulfill its divinely appointed responsibilities," an LDS spokesperson told Fox News Digital. "To Church members who support the work of salvation through living the gospel of Jesus Christ, caring for those in need, inviting all to receive the gospel and uniting families for eternity, we’ll continue to move forward consistent with the gospel of Jesus Christ which makes this world a better place."
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"It’s unfortunate 60 Minutes sought to elevate a story based on unfounded allegations by a former employee who has a different view on how the Church should manage its resources," the statement added. The church added that it moves forward "consistent with the gospel of...
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