Date: November 08, 2018 01:14AM
Many years ago in my ward in NoCal, a member came up with a foolproof investment "strategy". He had convinced a great many people (all of them fellow Mormons, AFAIK) to give him money to construct a coke-making machine, because all the coke mines in the world were running dry and so all the world's steel mills would be desperate (coke is used to make steel) and would pay through the nose to get more (inadvertent pun). Our bishop was one of the "investors", and he tried to get my father to join up. That was a bit of a mistake, because my father had spent many years at the Geneva steel mill in Utah, and knew for a fact that there is no such thing as a coke mine, and that every steel mill in the world makes their own coke directly from coal, which is hardly a rare commodity. Our bishop- and several other good God-fearing souls- never thought of that. This was in the mid 70s. Can you say "affinity fraud"?