Mormon church sitting on $100 billion in reserves against tax law, says ex-employee - 2019-12-16

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F347.png Mormon church sitting on $100 billion in reserves against tax law, says ex-employee December 16, 2019, Tony Ortega, Underground Bunker

Fascinating report in the Washington Post today about the Mormon church having much more money than anyone seems to have imagined.

The Post was given a secret whistleblower report that was submitted to the IRS, which claims that the Mormon church has an entity, Ensign Peak Advisers, that is supposed to find ways to make use of surplus tithing that would meet IRS requirements for charitable giving, but instead has sat on a fortune now reaching $100 billion, in violation of tax law. According to the report, the church is amassing rather than spending the money in preparation for "the second coming of Christ."

The complaint was written by an Ensign employee, David A. Nielsen, who left the non-profit company in August and then submitted his detailed and confidential report, with a 74-page narrative and a thumb drive containing images of Ensign documents, to the IRS. But Nielsen's twin brother, Lars Nielsen, who helped him write up the narrative, decided against his brother's wishes to give a copy of the report to the Post.

Wikipedia cite:
{{cite news | author = Tony Ortega | title = Mormon church sitting on $100 billion in reserves against tax law, says ex-employee | url = https://tonyortega.org/2019/12/16/mormon-church-sitting-on-100-billion-in-reserves-against-tax-law-says-ex-employee/ | work = Underground Bunker | date = December 16, 2019 | accessdate = December 17, 2019 }}