Leader’s refusal to offer more transparency and disclose the sum of the faith’s current reserve assets made for some uncomfortable on-camera exchanges.
| May 15, 2023, 8:07 a.m.
| Updated: 9:48 a.m.
The Church of Jesus Christ of Latter-day Saints did not come off looking good Sunday night on “60 Minutes” but not entirely because of the whistleblower who alleges the Utah-based faith has been untruthful about its financial dealings.
As reported by correspondent Sharyn Alfonsi, the 13-minute segment, titled “The Church’s Firm,” included a seemingly impartial third party who cast doubt on the church’s version of events and a high-ranking church official who looked, at best, evasive.
David A. Nielsen, a former portfolio manager at Ensign Peak Advisors, the church’s investment arm, has alleged for nearly four years that the denomination has built a reserve fund worth north of $100 billion and that it has violated its tax-exempt status in doing so.
And, in his first on-camera interview, Nielsen sounded sincere when he said, “I thought I was going to work for a charity … and the funds were never used for that” — although, for the most part, Alfonsi didn’t press him hard on his allegations and largely ignored the part faith played in his actions.
The closest she came to asking him a tough question was in the final seconds of the segment, when she said it was possible he was “dead wrong.” Nielsen replied, “I know what I know. I saw what I saw.”
Before that, “60 Minutes” reported...
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