Whistle Blower Alleges Mormon Church Misled Members On $100B Investment Fund

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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.

A spokesman for the church did not respond to detailed questions from The Post about the complaint. “The Church does not provide information about specific transactions or financial decisions,” spokesman Eric Hawkins said in a statement.

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I hate to sound like the conspiracy theorist on the politics board, but I really believe that when it comes to religion.. For the heads of each religion, it isn't about spreading the word or wanting to help the needy.. It is 100% about power.

There was a recent report that the Catholic church used 80% of funds that was supposed to be used for the needy actually went into the church's budget to "patch up holes".

Its time to start taxing these churches. With as much money they get and the misuse of funds that take place, they should have to pay taxes like other businesses. Are churches not a business?