Angel Moroni is the main picture for the article.

"For five years, the SEC said, Beasley and Judd paid existing investors with money from new clients — a classic Ponzi scheme. The most notorious fraud of this kind, run by Wall Street financial guru Bernie Madoff, cost investors billions of dollars. By comparison, one expert said, the alleged Vegas scam was distinguished less by its size and more by its victims: It came to be known as the “Mormon Ponzi scheme.”

More than 900 people invested their savings — an estimated $500 million — between 2017 and 2022. They included surgeons, real estate developers, Mormon bishops, retirees and stay-at-home mothers. Money poured in from as far away as Singapore, Taiwan and Australia, according to a class-action lawsuit filed in July against Wells Fargo, where Beasley had an attorney trust account to hold and disburse client money. (The bank has moved to dismiss the lawsuit, denying any wrongdoing.)

Some people emptied their retirement accounts, according to more than two dozen interviews with investors by The Washington Post, while others took out a second mortgage on their house.

“They’ve destroyed a lot of people’s entire lives,” said Greg Hart, 81, a retired entrepreneur who lives in Buckeye, Ariz., and fears he may be forced to sell his home. “About $2.2 million — 95 percent of our money — was tied up in it. … This has been completely and totally devastating.”

Were Beasley and Judd on CB?

https://www.washingtonpost.com/dc-md-va/2023/02/01/mormon-ponzi-scheme-vegas-fbi/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWJpZCI6IjQxNDUyNDA0IiwicmVhc29uIjoiZ2lmdCIsIm5iZiI6MTY3NTIyNzYwMCwiaXNzIjoic3Vic2NyaXB0aW9ucyIsImV4cCI6MTY3NjUyMzU5OSwiaWF0IjoxNjc1MjI3NjAwLCJqdGkiOiI3YWE3ZjQzZS1kYTk4LTQwMDYtOTM0ZC0xZGI2OGE0M2ExYzAiLCJ1cmwiOiJodHRwczovL3d3dy53YXNoaW5ndG9ucG9zdC5jb20vZGMtbWQtdmEvMjAyMy8wMi8wMS9tb3Jtb24tcG9uemktc2NoZW1lLXZlZ2FzLWZiaS8ifQ.kP_Mp6kEHpCaVpYuW3fF-cHFF2DsarlQr5sHfKyF1YE