The Church of Jesus Christ of Latter-day Saints is defending how it uses and invests member donations after a former church employee alleged in a complaint to the Internal Revenue Service that the faith had improperly built a $100 billion investment portfolio using member donations that are supposed to be used for charitable causes.
Church spokesman Eric Hawkins said in a statement Tuesday that most of the money goes to fund church operations while another portion is "methodically safeguarded through wise financial management."
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The confidential IRS complaint provided to the Washington Post alleges the Utah-based faith known widely as the Mormon church owes billions in unpaid taxes.
