Mormon who left Wall St to work for charity blows whistle on LDS "clandestine hedge fund"

[Zeedox]

Mormon who left Wall St to work for charity blows whistle on what he says is his church's "clandestine hedge fund"

Mormon David Nielsen left his job at Ensign Peak Advisors, the Church of Jesus Christ of Latter-day Saints' investment firm, and filed an IRS whistleblower complaint. He speaks with Sharyn Alfonsi.

www.cbsnews.com

Sharyn Alfonsi: A clandestine hedge fund. How so?

David Nielsen: Those funds weren't used the way they were appropriated to be used.

Sharyn Alfonsi: So how were they being used?

David Nielsen: Well, once the money went in, it didn't go out.

David Nielsen was a senior portfolio manager for the investment arm of the church…called Ensign Peak Advisors.

Time for all religions to be taxed and then they can then claim charitable deductions like the rest of us.

 

[Gomez Adams]

It amazes me that people still call all of this news. It's been going on since the dawn of time. It's all a matter of public record. You don't need a "whistle blower" to tell you any of this.

The simple fact of the matter is that nobody cares. The Catholic Church is, by far, the richest organization on earth. Christians at large actually posses 55% of ALL WEALTH ON EARTH.

It was set up that way by design. He who has the gold makes the rules. Always have, always will.