A federal lawsuit filed Tuesday alleges The Church of Jesus Christ of Latter-day Saints investment arm misused hundreds of thousands of dollars donated by three men by investing the money instead of using it for charitable purposes as they claim was promised.
The legal action brings more scrutiny about how the faith known widely as the Mormon church handles its vast financial holdings bolstered by so-called “tithing” from by members who contribute 10% of their income. The church doesn't publicly disclose details about its finances.
