May 27, 2009: Alpine, UT
April 8, 2009: Aurora, CO
March 20, 2009: Sacramento, CA
Seems to be a pattern of big-time financial scamming via individuals in the Lds church -- all against the backdrop of Salt Lake City being known for years as one of the leading white-collar crime areas for real estate fraud, etc.:
Ex-Mormon Bishop Charged in $20M Ponzi Scheme Fox News (April 08, 2009) Ex-MormonBishopChargedIn$20MPonziScheme
Calif. Man Charged with $40 million Ponzi scheme, AP (March 20, 2009) ["...running a $40 million investment scam that bilked about 150 investors, many of whom he met through his Mormon church.] Calif.ManChargedWith$40MillionPonziScheme
Moved to news, unless you also care to contemplate if Bernie Madoff is an indictment of Judaism...
As a long-time non-mormon Utah resident, my observation is that with the LDS church comes the good, the bad, and the ugly. This would be the bad and ugly side - and yes, there has been a pattern of mormons using the church "seal of approval" to scam other mormons out of boatloads of money - but it has been going on for 40+ years. The current economic downturn is just exposing the latest wave of frauds. My advice - if someone from your church or religion has a great investment scheme - don't even think about it.