Whistleblower exposes LDS Church's secret hedge fund.

A former investment manager for the Church of Jesus Christ of Latter-day Saints has accused the faith's investment arm, Ensign Peak Advisors, of illegally relying on its tax-exempt status to stockpile over $100 billion in investments built from members' tithing, which were never used for charitable works. The church's leader has defended the financial practices, stating that Ensign Peak held asset reserves as an auxiliary of the church, "providing us with those resources that we need in order to operate as a church." The whistleblower has called for Congress to investigate the church's financial practices.