Utah Affinity Fraud & Ponzi Schemes

A 2012 article in The Economist reports that Utah is believed to have the highest per-capita rate of affinity fraud in the U.S. due to about two-thirds of the state’s residents being members of the LDS Church among whom such crimes tend to flourish.

The Wall Street Journal named Salt Lake City the “Fraud Capital of America” in a 2015 story.

Statement from The Church of Jesus Christ of Latter-day Saints

Robert Glen Mouritsen, former stake president

A former stake president in The Church of Jesus Christ of Latter-day Saints has pleaded guilty in federal court to using his position to scam $1.5 million from friends and fellow church members over a 12 year period.

Robert Glen Mouritsen, 72, pleaded guilty to one count of wire fraud, a federal felony, in federal court in Salt Lake City on Wednesday, November 13, 2019.

Over a 12 year period, Mouritsen collected $1.5 million, including $326,399.51 from one victim in his Ponzi scheme. The most recent investment from this victim occurred in or around 2016.

Julius Blackwelder, former bishop in Connecticut

Shawn R. Merriman, former bishop

Chad Bennett Reid, former bishop

Kevin Thomas, former bishop

R. Dean Udy, a former stake president and regional representative


Lori Ann Anderson

Gaylen Dean Rust Rust Rare Coin Inc.

Denise Gunderson Rust

Rick Koerber Founders Capital, and related companies Franklin Squires Investments and Franklin Squires Cos.

Wayne Reed Ogden

Dee Allen Randall

Martin A. Pool and Armand R. Franquelin

Landon M. Smith Real estate offering fraud and Ponzi scheme


Grant C. Affleck & Paul H. Dunn




Dunn’s attorney was James Jardine.


Lynn Packer Mormon Fraud


Mormon Multi-level Marketing


[20] A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent.
[22] He that hasteth to be rich hath an evil eye, and considereth not that poverty shall come upon him.

Proverbs 28


– Tom Irvine

One response

  1. […] in what has been derisively referred to as the “fraud capital of America,” the case against Washakie Renewable Energy is a […]


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