For those who are interested in the intersection between the LDS Faith and the epidemic of affinity fraud and Ponzi schemes in Utah and the LDS community worldwide, take a listen to this podcast in which I was interviewed by the brilliant scholar Gina Colvin who manages the A Thoughtful Faith Podcast. This was a fascinating and wide ranging interview that was quite enjoyable for me!
A warning to those with extra sensitivity on issues relating to the LDS Church: This discussion is not particularly faith affirming or promoting and includes some criticism of the church and its policies.
267: The Church of Jesus Christ of Latter-day Saints and Affinity Fraud: Mark Pugsley
Mark Pugsley is a lawyer in Salt Lake City Utah who specializes in recovering money lost by investors due to bad advice or misconduct. He has represented victims of investment fraud and unsuitable investment recommendations in civil litigation, whistleblower cases, and receivership (claw back) cases for over twenty years.
Mark reports that Affinity Fraud is a big problem in the Church of Jesus Christ of Latter-day Saints community and he’s repeatedly called on leaders of the LDS Church to be more proactive in warning church members that they need to carefully evaluate investment opportunities on their merits, regardless of who is pitching them.
Mark hosts the Utah Securities Fraud website which can be found and contains all of the latest on investment fraud cases in Utah.