DiscussMormonism.com

Posted: **Tue Dec 17, 2019 2:34 am**

From the front page of the Washington Post on Monday,16 December 2019.

Mormon Church has misled members on $100 billion tax-exempt investment fund, whistleblower alleges

A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.

The confidential document, received by the IRS on Nov. 21, accuses church leaders of misleading members — and possibly breaching federal tax rules — by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses.

https://www.washingtonpost.com/investigations/mormon-church-has-misled-members-on-100-billion-tax-exempt-investment-fund-whistleblower-alleges/2019/12/16/e3619bd2-2004-11ea-86f3-3b5019d451db_story.html

Also from the article:

Philip Hackney, a former IRS official who teaches tax law at the University of Pittsburgh, said the complaint raised a “legitimate concern” about whether the church’s investment arm deserved its tax-exempt status.

“If you have a charity that simply amasses a war chest year after year and does not spend any money for charity purposes, that does not meet the requirements of tax law,” Hackney said in an interview. Hackney, who served in the IRS chief counsel’s office, has been retained by The Post to analyze the whistleblower documents.

Posted: **Tue Dec 17, 2019 2:56 am**

Phil Hackney is a good guy. Straight shooter. If he thinks the complaint has merit, then Ensign Peak is probably in trouble. There will be a fine. A slap on the wrist. It will be embarrassing, but I doubt EP will lose its tax exempt status over this.

Posted: **Tue Dec 17, 2019 2:56 am**

According to the complaint, Ensign’s president, Roger Clarke, has told others that the amassed funds would be used in the event of the second coming of Christ. Clarke did not respond to an email seeking comment.

So as long as you claim “Jesus might come again”, you can get out of paying taxes? Sign me up.

Posted: **Tue Dec 17, 2019 3:01 am**

Reading the whole thing I found myself practically falling on the floor from laughter. So many things about this are delightfully absurd. The Church funneling over a billion from Ensign Peak to keep its stupid-ass mall afloat. The soon-to-be ex-Mo collecting documents to light the Church up with an embarrassing whistleblower complaint right before tithing settlement. The Church justifying its excesses in business by talking about Jesus’ Second Coming. This is the kind of ridiculous crap that would make an awesome movie. I hope someone buys the rights to this story. Maybe Ashton Kutcher can play Nielsen.

Posted: **Tue Dec 17, 2019 3:06 am**

It’s a damning revelation of deception and power grabbing. Wait until the financial analyses come out. This has been a long time coming.

Can confirm the $100 billion figure.

So much for “just trust us.”

Posted: **Tue Dec 17, 2019 3:09 am**

Dr Moore wrote:It’s a damning revelation of deception and power grabbing. Wait until the financial analyses come out. This has been a long time coming.

Can confirm the $100 billion figure.

Thank you, Dr. Moore. If you don’t have a chair at Cassius already, it may be that this will earn you one. Surely Dean Robbers is making the arrangements.

Posted: **Tue Dec 17, 2019 3:16 am**

Nielsen’s complaint is sharply critical of church leaders for continuing to ask for tithes, even from members who are struggling financially, while the church sits on a fortune. “Would you pay tithing instead of water, electricity, or feeding your family if you knew that it would sit around by the billions until the Second Coming of Christ?” he wrote in a 74-page narrative that accompanied his complaint.

Classic ex-Mo reaction. Write 74 pages. He should be here with us!

Posted: **Tue Dec 17, 2019 3:18 am**

Yes a large corporation intent on making money. Tax exemption under the cover of needing billions for jesus is ridiculous.

Posted: **Tue Dec 17, 2019 3:21 am**

Stem wrote:Yes a large corporation intent on making money. Tax exemption under the cover of needing billions for jesus is ridiculous.

I dunno, Stem. Jesus Invictus likes the bling. That chariot of fire ain’t gonna be cheap!

Posted: **Tue Dec 17, 2019 3:24 am**

Let's see Mormon Jebus need MONEY when he returns? WTF? What Mormon Jebus need the cash to buy the Dome of the Rock before the New Temple can be build in Jerusalem?

"Hey Allah, I'm a little short of cash right now, could I give you say $100 Billion dollars and an I.O.U. for the rest?"

DiscussMormonism.com

Washington Post: Mormon Church has misled members on finance

Washington Post: Mormon Church has misled members on finance

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin

Re: Washington Post: Mormon Church has misled members on fin