An alleged $500 million Ponzi scheme preyed on Mormons. It ended with FBI gunfire.
washingtonpost.comSubmitted by Chino_Blanco t3_10rceea in news
Submitted by Chino_Blanco t3_10rceea in news
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Specifically Mormons. The religion started as a long con. The true believers are guaranteed to be gullible because anybody with common sense finds it laughable and walks away.
You'd think so, but for every objection raised they have an answer that is plausible to anyone who might believe in God (and already believe what they do).
I had to already be on my way out to even be able to hear the problems. It's pretty much this way in all religions, too.
If you are thinking "I don't suffer from this", whether that's because you're religious or not, you do. Nobody is immune to errors in thinking.
We all know things that are simply wrong.
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I'm in general agreement.
I like you. Let's make a religion together
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It’s a religion to all the mouth breathing acolytes, but you’ll know. You’ll know, and profit too. The profit (prophet) part is my favorite.
Perhaps a religion for the non religious. Maybe call it Mormon't.
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Good con man has an answer for every objection as well. The similarities don’t end there.
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But not for the leadership trying to warn people: https://newsroom.churchofjesuschrist.org/official-statement/affinity-fraud
That link has EIGHT quotes from Church leaders since 1982 specifically about this. Honestly think this is more a Utah LDS thing because people are WAY too trusting out there.
Not sure how Mormons are and more or less of a con than any other organization religion practiced today.
They are all cons (perhaps with different motives) but all generally rely on obedience, dogmatic practices, faith, and other qualities that mimic the Mormons.
We just give a pass to more mainstream religions - often because people grew up in them (or still are).
We refer to Greek and Roman "mythology" but people get really pissed when you call it Christian mythology
That is a very abrahamic view on religion that thinks every religion acts like the abrahamic religions common to Europe, and ignores mormonism's creation by rewriting the history of indigenous people for financial gain and racism.
Mormonism is closer to the Hoteps saying native americans were black settlers from of a long lost black empire than it is a religion.
I was under the impression Mormonism was a continuation/update of abrahamic religion after Jesus. Similar to Islam and Muhammed, but now it's Joseph Smith and Mormon.
I think that's accurate. The book of Mormon is fan fiction of the sequels of the Torah.
Mormonism is a strain of american pseudohistory like the hoteps
They say the aztecs were a lost jewish tribe, quetzacoatl was jesus, native americans are red because they are cursed by god, and a lot of other racist attacks on history. During the time mormonism rose, it was one of many ideas trying to justify genocide.
Saying mormonism is a continuation is like saying the third reich is just a contuation of the 2nd reich ignoring all the things that made the 3rd reich unique like racial essentialism and pseudoscience ideas on race.
>by rewriting the history of indigenous people for financial gain
That describes most religions during their expansion phase
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Nah.
It's probably more so that if the scam artists can convince a few members of the congregation to go in on it, their interpersonal relationships and religious background ("They'd never give me a bad deal") will keep anyone from looking too closely at it, and of those that are skeptical, they're probably not going to say anything to the FBI or secret service because they don't want their friends or church leadership to lose all their money to an investigation or attract unwanted attention from people aware of the sudden financial windfall.
Given the reports that people were told to keep it "hush hush", I'm guessing a few knew the money wasn't legit but went along with it anyway because they were profiting off it at the time, and too much oversight might damage that income.
It wouldn't shock me if MLMs targeted any closely knit group that could give their scam a sense of legitimacy.
e.g #girlboss and the terms affiliation with MLM schemes targeting women.
Utah as the highest ponzi schemes per capita of any state. https://www.deseret.com/2019/4/29/20671965/does-utah-deserve-the-title-fraud-capital-of-the-united-states
Same tactics as Alex Jones or Nigerian princes. They know the small number of people willing to fall for their BS are out there, so they spam media to up the chanced of getting a random mark
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Yup.
Grifter: “Hey, wanna be really shitty and make some quick money off of other people’s misfortune?”
Mormon: “Okay…you have my attention, go on.”
Grifter: “Well, you know when someone gets really hurt and is going to obtain a settlement for their injuries? Often times they have huge medical bills they need to pay now. We will lend them money and charge insanely gouging interest rates to profiteer off of their misfortune while they wait for their settlement checks to arrive, which can take years.”
Mormon: “Oh, interesting, what do you charge for interest? Ten percent? That’s why I tithe to Heavenly Father for all he gives me!”
Grifter: “Oh frig no. More like fifty percent! Now…can I count on you to write us a hundred thousand dollar check so we can lend it to injured people in a very un-Christlike way?”
Mormon: “I was thinking more like a million. Can I tell my friends about this too? They would be interested.”
Grifter “Bless you Brother Levi, and make sure to tithe the church 10% of your profits”
Mormon: “I sure will. Heavenly Father would be very proud of what we are doing here.”
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The greatest case of too good to be true:
“So wait. If I just. Really really feel sorry. I can just. Live forever? No strings attached? Where do I sign!”
A fool and his money are soon parted.
Guess the folks in the magic pajamas qualify.
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There's a reason so many pyramid schemes, MLM scams and the like target Mormons.
If you can be tricked into believing the Book of Mormon, you can be tricked into anything.
Seriously, why do we give Mormons a free pass? I get it, all religions are mythology, but come on! The whole mess was made up by a conman and well documented as a fraudulent enterprise from the start!
Probably because many Mormons you’ll meet out in the wild through work, education and social circles away from majority Mormon areas are kind, conscientious, sober, family focused nice people. That’s been my experience getting to know some Mormons who weren’t met in their proselytizing missions anyway. Got to know a brilliant 7th day Adventist like that once too, she went on to get a dual JD/MD degree. 🤷
I hear it’s a lot different in majority Mormon areas, but haven’t had exposure to that.
I'd agree that mormons are certainly...let's say enterprising folks. As for kind and conscientious, I'd have to disagree. Mormons are phony-nice, and their actions are never for the betterment of society at large, but for themselves and the enrichment of their cult. Also, their level of indoctrination is greater than your average christian denomination. I've never encountered a mormon doing something that doesnt benefit mormons.
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Each of us can be tricked into believing something. It is dangerous to look down on people who also get tricked.
For example, your survivor bias is tricking you into believing all of us are as gullible as yourself.
I was just trying to grok with people who had been taken advantage of.
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Same reason people who fall for a MLM once tend to fall for another one later.
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Most of the MLMs are owned by Mormons. They are a pyramid scheme.
Mormons, military, and SAH moms.
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Well I mean it stands for Mormons Losing Money, right?
tbf, Mormonism is a Ponzi scheme preying on gullible people for +10% of their income
Thanks. The performance of the BoM is awesome. Hope everyone can see it live.
My face hurt from laughing so hard. 10/10 would recommend.
You had me at “Hello…” ;-)
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Hands down, the funniest live performance I have ever seen. I went in skeptical, "Oh, this is going to be so corny", and literally laughed the entire time!
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Mormons out west seem to be target by schemes like this and pyramid schemes as well. I think it is because they tend to be a tight knit community, who puts too much trust in other church members. I lived in Utah for several years and I saw multiple friends and coworkers get sucked into “multi-level marketing” schemes. It’s very discouraging to see. The people running these schemes are preying on people’s hope and desperation for a better life.
I think it's also since their church is essentially run like a ponzee scheme mixed with a real estate racket when it comes to tithing and what the church spends money on...it's easy for them to fall victim to the same scheme, often ran by the same people. There's a lot of Mormons in the top brass of mlms too.
Yes, I lived in Utah as well and Mormons in general tended to center their social lives around their ward a lot more than most other churchgoers do now -- I would say they're more like the average mainline Protestant or Catholic was fifty or sixty years ago in that they often live in neighborhoods with coreligionists, attend the same church, go to the same stake events etc. It's not surprising that they're more susceptible to this, but I don't think it's their particular doctrine that makes them susceptible, it's the social closeness and reliance on each other. And yes, I sat through many a Mary Kay presentation, but nothing like this. I would have thought that promised rate of return was a bit much even for the average Utah County resident.
Mormonism is basically a giant MLM scheme. Why wouldn’t you think that factors in?
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Dang. Anyone notice that the investigative journalist originally working on this story was stabbed by a city employee he was investigating? So sad.
The Mormon church itself is a massive scam that has amassed over 100 billion dollars.
I would fully expect there to be massive corruption of state and city officials in the state of Utah.
You would think with that kind of money that the "church" would spend some of the money to try to deal with the toxic dust that is likely going to kill many of their members as the great salt lake dries up, but I guess they're just going to let them die.
The journalist that was stabbed worked in Las Vegas and the official worked for Clark County, NV.
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Considering the Mormon church itself is basically a massive MLM, it's not a surprise.
Let that be a lesson to you! If anybody is gonna screw Mormons out of their money it’s gonna be the church of LDS!
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Was it just Mormons? because…….
Hold up… Mormons or morons? Same thing I guess.
I thought that said morons and well.....
The tithing they pay is the bigger scam of around 10 billion a year.
The worst part of this story is that I can’t read it because it comes from the Washington Post.
Doesn’t give the whole article for me. YMMV.
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I use a browser plugin called toggle JS and then just turn JS off. It works for reading the article, but it breaks the functionality of certain things like the image lazy loading.
Paste in url
So one Ponzi scheme targeted another one?
This religion IS a scam so its just scammers scamming scammers. Bad memories man.....I was forced into this crap
A reminder that archive.ph exists 🙂
This is the way. Thank you.
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Everyone's so busy making fun of Mormons that they're missing that this may be another case of law enforcement shooting someone who was attempting to comply with their instructions.
>One of the agents — identified only as “J.M.” in a detailed criminal complaint filed March 4 in the U.S. District Court of Nevada — opened his suit jacket and flashed his badge.
>Beasley stepped fully into the doorway. He held a loaded pistol against his head.
>“Easy, easy,” yelled J.M.
>“Drop the gun,” shouted a second agent
>As the FBI agents shouted at him, Beasley said later in an interview with The Post, he pointed the pistol toward the ground.
>He was doing what the three agents had asked of him, Beasley said, adding that “I never pointed my gun anywhere except for my head.”
>The FBI maintains in its criminal complaint, though, that he aimed the weapon at the agents. At least one opened fire, striking Beasley in the chest and shoulder.
...
>He was taken to a hospital before being charged with assault on a federal officer.
I don't suppose the FBI were wearing body cameras.
The Mormon Madoff.
Fellow Jews never thought Bernie would rip them off.
The Mormon (LDS) church was founded by convicted con-man Joseph Smith on transparently false claims and fantastical lies so great that fraud is an understatement
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Isn't the FBI chock full of Mormons? Or is that the CIA?
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Dang some of these comments.
“If they were tricked into it, the probably deserved it” type things.
Same with being Mormon they deserve it. What is this comment section?
macross1984 t1_j6uwmid wrote
The suspect pitched investment that was pitched as a nearly risk-free opportunity to earn annual returns of 50 percent by lending money to slip-and-fall victims awaiting checks after the settlement of their lawsuits.
Anyone with common sense will know that such return is too good to be true scenario.