The Mormon Church's financial management arm is under investigation by the Securities and Exchange Commission over efforts to keep its 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. The SEC has typically punished this types of violations with fines. The size of the fines being sought by investigators is not known at this point, according to The fund is thought to manage around $100 billion worth of investments.
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