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.
Well said. Well-advised.
Scientology, which I do not think is a real religion, had Reed Slatkin and others who scammed at least $1 billion. Note I am not comparing Mormonism with Scientology.
It is generally a bad thing to wear religion on your sleeve to generate business. You see a pattern in all groups or scammers who use their religion to scam.