Cartoons02:22 18.12.2019Get short URL212Subscribehttps://cdn5.img.sputniknews.com/images/107760/19/1077601941.jpg”publisher” itemscope=”” itemtype=”http://schema.org/Organization”>Sputnik Internationalhttps://cdn2.img.sputniknews.com/i/logo.png”author” itemscope=”” itemtype=”http://schema.org/Organization”>Sputnikhttps://cdn2.img.sputniknews.com/i/logo.png”mainEntityOfPage”>https://sputniknews.com/cartoons/201912181077602100-more-money-mormon-problems-charity-funds-dispute/
The Church of Jesus Christ of Latter-day Saints’ ethics have been brought into question following the revelation of a former investment manager-turned-whistleblower’s statement to the Internal Revenue Service which alleged the church funneled money into an investment account rather than its intended purpose of charity.
David A. Nielsen, a 41-year-old Mormon man and former senior portfolio manager for the Church of Jesus Christ of Latter-day Saints’ investment division, recently divulged to the Washington Post that of the $7 billion that is given to the church annually, at least $1 billion collected via donations and tithes have been going into a now 22-year-old investment account that is worth some $100 billion.
To what is the church going to direct these stockpiled, tax-exempt funds? The second coming of Christ of course!
The church has since responded to the various reports and speculation over their Christian coffers and asserted in a December 17 press release that the “claims being currently circulated are based on a narrow perspective and limited information.”
Sourse: sputniknews.com
