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.
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
Gaylen Dean Rust Rust Rare Coin Inc.
Rick Koerber Founders Capital, and related companies Franklin Squires Investments and Franklin Squires Cos.
Landon M. Smith Real estate offering fraud and Ponzi scheme