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MORMON CHURCH STOCKPILED $100 BILLION INTENDED FOR CHARITIES AND MISLED LDS MEMBERS, WHISTLEBLOWER SAYS
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[quote:Anonymous Coward 64698495:MV80MjIyNjE2Xzc2ODE2MjIzXzUxODY5NTdG] Awesome! I am glad. I can not think of another organization that does as much good in the world. The members must be thankful the Church is wise in their stewardship of their tithing funds, as they prepare for the Savior's return. What is the problem exactly? All they really point to is the investment in the property next to the Salt Lake Temple which has been wildly successful. The old mall they purchased and tore down was an earthquake death trap. Had they not made that move everyone would be complaining that they don't take care of the City. People can not see past their emotional reaction against a church that truly puts their money where their mouth is. [/quote]
Original Message
A whistleblower complaint filed at the Internal Revenue Service in November by a knowledgeable church member alleges that a non-profit supporting organization controlled by the Church of Jesus Christ of Latter-day Saints used member tithes to amass more than $100 billion in a set of investment funds and the Church misled members about uses of the money.
The complaint may be the most important look at LDS finances in decades, a window into one of the wealthiest religious organizations in the United States and the world. Details of the IRS filing reveal financial assets largely hidden from the church's membership (often known as "Mormons") and the public view.
The 74-page document filed with the IRS and obtained by Religion Unplugged shows that Ensign Peak Advisors, Inc. (EPA) owned assets under management grew to more than $100 billion from $10 billion in the past 22 years, fueled by a mix of investment strategy and tithe money from church members.
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