Mormon Church Accused of Financial Fraud in Lawsuit James Huntsman alleges that the church misrepresented how money he and other members donated would be used By Ian Lovett. . 06 May 2023 10:59:05. S. . m. Why it matters: The church has long. A Washington Post investigation in 2020 revealed the church was secretly running a $US100 billion investment fund, Ensign Peak Advisors, that was accumulating vast tax-free wealth by investing in hedge funds, Chevron, Visa, Apple and some of the biggest landholdings in the US. . #church #scandal. . The original plan was to include a US$ 250 million payment from the LDS Church, but the judge refused to approve that part of the settlement proposal, stating it went too far in. .

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