Members of The Church of Jesus Christ of Latter-day Saints in the News

[LVAllen]

This story has everything:
Mormons
Ponzi Schemes
Welfare Assistance and the Bishop's Storehouse
Fraud
Hostage Negotiators
Missions
Attorneys and their trust account
Bentleys, Rolls Royces
Real Estate Agents who became agents because they weren't qualified to do anything else
Bonanza High School, my alma mater
Also, a reporter who started the investigation being murdered by a public official, but that's old news.

https://www.reviewjournal.com/invest...nfire-2720343/

[Non Sequitur]

This story has everything:
Mormons
Ponzi Schemes
Welfare Assistance and the Bishop's Storehouse
Fraud
Hostage Negotiators
Missions
Attorneys and their trust account
Bentleys, Rolls Royces
Real Estate Agents who became agents because they weren't qualified to do anything else
Bonanza High School, my alma mater
Also, a reporter who started the investigation being murdered by a public official, but that's old news.

https://www.reviewjournal.com/invest...nfire-2720343/

There's a pay wall. Give us the hilights.

[Jeff Lebowski]

This story has everything:
Mormons
Ponzi Schemes
Welfare Assistance and the Bishop's Storehouse
Fraud
Hostage Negotiators
Missions
Attorneys and their trust account
Bentleys, Rolls Royces
Real Estate Agents who became agents because they weren't qualified to do anything else
Bonanza High School, my alma mater
Also, a reporter who started the investigation being murdered by a public official, but that's old news.

https://www.reviewjournal.com/invest...nfire-2720343/

It was also published in WaPo today. Haven't read it yet.

https://www.washingtonpost.com/dc-md...530100007F03E6

[Clark Addison]

This story has everything:
Mormons
Ponzi Schemes
Welfare Assistance and the Bishop's Storehouse
Fraud
Hostage Negotiators
Missions
Attorneys and their trust account
Bentleys, Rolls Royces
Real Estate Agents who became agents because they weren't qualified to do anything else
Bonanza High School, my alma mater
Also, a reporter who started the investigation being murdered by a public official, but that's old news.

https://www.reviewjournal.com/invest...nfire-2720343/

Wow. Crazy story. Thanks for posting. Surprised I hadn't heard of that one before.

[BigPiney]

There's a pay wall. Give us the hilights.

https://12ft.io/proxy?q=https%3A%2F%...ire-2720343%2F

[LVAllen]

There's a pay wall. Give us the hilights.

Huh, I didn't run into a pay wall. Okay, highlights:

Matt Beasley, nonmormon, attorney, and degenerate gambler racked up quite a bit of gambling debt. His plan was to convince people that they could reap huge dividends by offering short-term bridge loans to personal injury plaintiffs who would repay with their settlement money. Jeff Judd, Mormon, and Bonanza Bengal thought it was a legitimate investment and became a pitchman for it. $500 million in investments from bishops, housewives, etc. flowed through the trust account. Seems they targeted Mormons. (Side note: If this is an Interest on Lawyers Trust Account, is the Bar is gonna crap bricks over the potential for clawback recovery?) Investments paid with new investor's money. Judd bought a multi-million dollar house in Henderson that a certain board member looking to relocate to Henderson ought to take a closer look at. A Washington State accountant saw a couple of the contracts and called a ponzi hunting group. They got some recordings, courtesy of another Bonanza Bengal. The SEC and FBI came knocking. Beasley aimed a pistol at his head, at some point was shot, and retreated to his house for many hours.

[Bo Diddley]

Whoa. I feel like the story ended pretty abruptly. Then there's a note that the reporter was killed and the WAPO had to finish it. Who killed the reporter? Is that related?

[Clark Addison]

Whoa. I feel like the story ended pretty abruptly. Then there's a note that the reporter was killed and the WAPO had to finish it. Who killed the reporter? Is that related?

It was (allegedly) related to his investigative work, but not this case:

https://www.reviewjournal.com/crime/...death-2635486/

FWIW, I didn't hit a paywall either.

[Donuthole]

Whoa. I feel like the story ended pretty abruptly. Then there's a note that the reporter was killed and the WAPO had to finish it. Who killed the reporter? Is that related?

Not related. The suspect (i use that term lightly--the evidence is insurmountable against him) in that murder is a former Clark County Public Admin who was under investigation for a bunch of wrongdoing (fraud and abusive work practices) and the reporter was exposing it.

[Bo Diddley]

Not related. The suspect (i use that term lightly--the evidence is insurmountable against him) in that murder is a former Clark County Public Admin who was under investigation for a bunch of wrongdoing (fraud and abusive work practices) and the reporter was exposing it.

I'm pretty sure I've read about this. Dangerous business! Especially in Vegas.

[falafel]

This story has everything:
Mormons
Ponzi Schemes
Welfare Assistance and the Bishop's Storehouse
Fraud
Hostage Negotiators
Missions
Attorneys and their trust account
Bentleys, Rolls Royces
Real Estate Agents who became agents because they weren't qualified to do anything else
Bonanza High School, my alma mater
Also, a reporter who started the investigation being murdered by a public official, but that's old news.

https://www.reviewjournal.com/invest...nfire-2720343/

Yeah that one has been making the rounds in Vegas for a bit. Crazy story. A couple of lawyers I know were contacted for comments on the story (earlier story) and had to ignore the requests.

The supposed investments were crazy on their face. Anyone who knows anything about personal injury litigation in Las Vegas would have raised an eyebrow immediately.

[falafel]

Interestingly, the guy who looked into this in the first place and notified the SEC was Nate Anderson of Hindenburg Research, which does a lot of short selling on wallstreet.. He is the same guy that helped to bring down the Nikola motors guy, Trevor whatever. Anderson has a thing against fraudster MOTCOJCOLDS from the desert southwest.

[BigPiney]

Interestingly, the guy who looked into this in the first place and notified the SEC was Nate Anderson of Hindenburg Research, which does a lot of short selling on wallstreet.. He is the same guy that helped to bring down the Nikola motors guy, Trevor whatever. Anderson has a thing against fraudster MOTCOJCOLDS from the desert southwest.

Good for him

[falafel]

Good for him

And good for his business. If the SEC recovers fines, he'll get up to 30% of those on a whistleblower claim.

[BigFatMeanie]

Interestingly, the guy who looked into this in the first place and notified the SEC was Nate Anderson of Hindenburg Research, which does a lot of short selling on wallstreet.. He is the same guy that helped to bring down the Nikola motors guy, Trevor whatever. Anderson has a thing against fraudster MOTCOJCOLDS from the desert southwest.

He also has a hand in helping the Adani Group empire in India to come crashing down:

https://www.indiatimes.com/worth/new...rt-591559.html