40 years ago today - Jun 20, 1983

FORBES magazine notes that in recent years at least ten separate swindles have been uncovered in Utah involving more than 9,000 people (1 percent of Utah's adults) and losses are estimated at more than $200 million. In asking itself "why?" the magazine described Utah as "fertile soil for swindles" because of excessive trust among LDS members: "Most of those bilked are Mormons, and the bilkers, too, profess to be upstanding members of the church and use church connections"

[On This Day in Mormon History, http://onthisdayinmormonhistory.blogspot.com]

No comments:

Post a Comment