The Ensign Peak Advisors controversy centers on the Church of Jesus Christ of Latter-day Saints, or rather the Corporation of the President of the Church of Jesus Christ of Latter-day Saints, doing business as The Church of Jesus Christ of Latter-day Saints, using a tax-exempt investment fund to manage hundreds of billions of dollars derived …
Tag Archives: David Nielsen
Mormon Leadership Perfects Priestcrafts
![“[Nehor declared] unto the people that every priest and teacher ought to become popular; and they ought not to labor with their hands, but that they ought to be supported by the people... Alma said unto him: Behold, this is the first time that priestcraft has been introduced among this people... were priestcraft to be enforced among this people it would prove their entire destruction. Therefore thou art condemned to die.” - Alma 1 | The Book of Mormon | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/09/Nehor-declared-priests-ought-to-be-supported-priestcraft-Alma-1-The-Book-of-Mormon.jpg?fit=1200%2C1200&ssl=1)
The Book of Mormon explicitly condemns the practice of priestcraft, defining it as preaching or setting oneself up for personal gain and not genuinely seeking the welfare of the community, or “Zion.” According to these verses, those who engage in priestcraft labor for money or self-interest, rather than out of love and charity for others. …
Donated Tithing Funds vs Earnings on Invested Tithing
The church repeatedly states that no tithing money is used for its business purposes, like funding the City Creek Center or bailout money for church-owned insurance company, Beneficial Life. The church is surprisingly secretive about finances and has not publicly disclosed any financial statements in the United States since 1959, that’s 65 years and counting. The …
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Let’s Go Shopping – City Creek Center and Tithing
City Creek Center is a large, upscale shopping center in downtown Salt Lake City, Utah, that opened in 2012. It spans over 20 acres and features retail stores, restaurants, office spaces, and residential units. The development is notable for its retractable glass roof, pedestrian sky bridge, and an artificial creek running through the property, making …
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Nothing to Hide?
President Gordon B. Hinckley, top leader of the Church (1995-2008) addresses several issues related to the church’s history and practices in an interview on Christmas Day in 2005. The interview covered many topics but here we’ll look closely at what he said about polygamy and fundamentalist Mormons and church history and transparency. Polygamy and Fundamentalist …
The Mormon-Canadian-BYU Billion Dollar Tithing Funnel
![The church is taking away the government's ability to fund health care, and education, and provide other essential services. They've done it at the expense of taxpayer dollars. There's definitely been a change in [my] perspective. The church teaches that the temple should always be a focal point in your life. The temple has become a physical reminder of greed for me. - Nigel Kennet, a Canadian accountant, was working on the books of a church of a different faith, when he saw how much their members gave to charity. So, he looked into the Mormon's books, and was stunned by where their donations were going. - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Nigel-Kennet-church-taking-away-government-ability-to-fund-essential-services-temple-has-become-a-reminder-of-greed.jpg?fit=1200%2C1200&ssl=1)
Investigation reveals more than $1 billion raised by the Mormon church in Canada has been funneled to the U.S. rather than going to charitable works in this country. We hear from former members in Canada and elsewhere who say concerns about how money is spent have led them to leave the church. – The Fifth …
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Mormon Church Ripping off Millions of Dollars from Australia
![“Accusations of lightening the pockets of the Australian tax office by 400 million dollars. The church's members claim very generous tax benefits, while other religions in Australia go without. It's alleged the Mormon books are actually being cooked in a massive tax dodge. Handed out on doorsteps around the world, [The Book of Mormon] promises to answer all of life's great questions. But we're throwing open a set of books the Mormons would rather nobody reads – their financial books.” - Mormon Church Accused of Ripping Off Taxpayers by Millions, 60 Minutes Australia | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/03/60-Minutes-Australia-cooking-the-book-of-mormon.jpg?fit=1200%2C1200&ssl=1)
The Mormon church wants everyone to read the Book of Mormon, but it will do nearly anything to keep anyone from reading their financial books. 60 Minutes Australia did some investigative reporting and alleges that the Mormon church is ripping off hundreds of millions of dollars from the Australian government in tax evasion. In many …
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Will the Church Ever Have Sufficient To Stop Requiring Tithing?
Is tithing a forever part of the Mormon church? Or will there be a day when it will have enough funds in the bank and in the “rainy day fund” that it will direct members that it is no longer required to enter the temple? Will the church go as far as to ask members …
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President Gordon B Hinckley Interview with San Francisco Chronicle
Gordon B Hinckley, then church president, was interviewed by Don Lattin on April 13, 1997 for SFGate, the digital home of the San Francisco Chronicle. The interview was in his room at the Santa Clara Marriott Hotel, just before he delivered an address to the World Forum of Silicon Valley. Here is the transcript of the interview as reported …
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Mormon Excuses for Zero Financial Transparency
The Mormon church is famously secretive (or confidential) with it’s financial disclosures. They say as little as possible about it and are even known to hide money from the IRS and SEC in filing the required tax forms illegally. They’ve been busted by a whistleblower recently and the SEC came looking – they were able …
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Elder Anderson claims “We Are Not a Wealthy People”
Elder Andersen met with the leaders of Zimbabwe and he said the significance of the meeting with Vice President Mohadi was to “express to him our desire to help improve Zimbabwe.” He noted that Vice President Mohadi had made a specific request for support with the development of clean-water wells in more remote areas of …
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Mormon Church Relatively Meager Humanitarian Efforts
The church brags about how much they give and donate to humanitarian efforts and welfare. But on the other hand, they do their best to hide how much they don’t give. They have hundreds of billions of dollars siphoned from tithing donations, which they invest and use to purchase real estate and operate their for-profit …
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Whistleblower News Prompts Vacant Responses from LDS Corp
The popular news program 60 Minutes released a segment on its program discussing the obscene wealth of the church and the whistleblower complaint filed by David Nielsen. His complaint alleges that the Mormon Church claims to behave as a non-profit charity, but in reality, is a for-profit corporation pursuing investments and investments. The church never …
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60 Minutes Transcript: Whistleblower David Nielsen Speaks Out After Reporting the Mormon Church to IRS in 2019
The show 60 Minutes broadcast a segment about the Mormon Billions. Sharyn Alfonsi follows up with whistleblower David Nielsen who resigned from his position at Ensign Peak Advisors and wrote the whistleblower report in 2019. Since then, the Mormon church has been fined 5 million dollars by the SEC for illegal filing practices, but Nielsen …
Stop Paying Tithing and Challenge the Tax Exemption Status of the Mormon Church
Tax time in the US and as people are leaving the church, they are receiving real blessings. In many countries, donating money to a charitable organization is tax deductible, meaning this decreases your taxable income. This is a perk to tithing for some people, it can save you some money on your taxes, though not …
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Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund”
David Nielsen, a former Ensign Peak portfolio manager, shared with his twin brother Lars about the shady practices and massive amounts of money the Mormon church, or the Church of Jesus Christ of Latter-day Saints have in investments. Together the brothers compiled information and reported it to the authorities at the SEC (Securities Exchange Commission) …
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