The president of an investment company affiliated with The Church of Jesus Christ of Latter-day Saints claimed that the church amassed about $100 billion in tax-exempt accounts in preparation of"the second coming of Christ," according to a whistleblower complaint lodged with the IRS that was obtained by The Washington Post.
But the complaint alleges that Roger Clarke, the president of the church's investment division, Ensign Peak Advisors, said the funds would be used in the event of the second coming. Story continuesIn the complaint, Nielsen claimed that Ensign did not operate exclusively for religious and charitable purposes, in violation of its designation as a"supporting organization and integrated auxiliary of the Mormon Church."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: