Mormonism LIVE: 078: Mormon Affinity Fraud

Radio Free Mormon

RFM & Bill take a look at Affinity Fraud in Utah and that which seems to have a root in taking advantage of unhealthy boundaries of trust within Mormonism. Affinity Fraud is a type of investment fraud in which a con artist targets members of an identifiable group based on things such as race, age, religion, etc. The fraudster either is or pretends to be, a member of the group. Often the fraudster promotes a Ponzi or pyramid scheme. Mormons are taught to trust their leaders, those who have a bright countenance, those with the Priesthood, Those who seem to be successful at Church or in business, and Mormons over non-Mormons. These often have members of the Church being particularly vulnerable to such rackets