(ANALYSIS) Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints – also known as the LDS or Mormon church – and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the lawsuit, allege that the church had fraudulently induced them into making donations.
Read More“The weird thing here, as you point out, is that it's a nonprofit, a supporting organization or an integrated auxiliary that is the investment fund. The problem with that, and the weird thing about that is that, generally speaking, to be tax exempt, you have to primarily pursue some particular tax-exempt purpose.”
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