Mormon Church faces SEC probe over past efforts to keep the size of its $100 billion investment a secret

The Mormon Church’s financial management arm is under investigation by the Securities and Exchange Commission over efforts to keep its billion dollar investment fund a secret. 

Earlier this week, whistleblower David Nielsen, a former employee of Ensign Peak Advisors, the church’s investment firm, testified that the fund maintained unreported foreign accounts, had given deceptive statements to the IRS and made fraudulent statements to the SEC. 

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