The Church of Jesus Christ of Latter-day Saints (LDS Church) has been accused of amassing a $100 billion investment fund, which some have called the "Second Coming Fund." The fund is said to be used to prepare for the second coming of Jesus Christ, and to provide for the needs of the church's members in the event of a major disaster.
The allegations about the fund were first made in a whistleblower complaint to the Internal Revenue Service (IRS) in 2019. The complaint alleges that the church has been misleading its members about the purpose of the fund, and that it is using the fund for its own financial benefit rather than for charitable purposes.
The LDS Church has denied the allegations, and has said that the fund is used to support its charitable and humanitarian work. The church has also said that it is transparent about its finances, and that its members are free to ask questions about the fund.
The allegations about the $100 billion investment fund have been met with mixed reactions. Some people have expressed concern that the church is hoarding wealth while its members struggle to make ends meet. Others have defended the church, saying that it is simply being prudent and preparing for the future.
The allegations about the $100 billion investment fund are still under investigation. It is unclear what the outcome of the investigation will be, or what impact it will have on the LDS Church.
Here are some additional details about the allegations:
- The whistleblower complaint alleges that the LDS Church has been
misleading its members about the purpose of the fund for at least 15
- The complaint also alleges that the church has been using the fund
to prop up a pair of businesses, including a real estate development
company and a cattle ranch.
- The LDS Church has denied all of the allegations in the whistleblower complaint.
- The IRS has not yet taken any action against the LDS Church.
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