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Blog: Scientology Money in a Mormon Bank: More of the Secret Relationship Exposed - 2018-08-14

F0.png Scientology Money in a Mormon Bank: More of the Secret Relationship Exposed August 14, 2018, Jeffrey Augustine, Scientology Money Project

Tony Ortega today posted a most interesting article on Efrem Logreira, the 75 year old man whom the Church of Scientology clipped for $75,000 in a credit card scheme. Scientology wants to return the $75,000 to Logreira as this scam has blown up in its face. However, Mr. Logreira has been paying crippling amounts of monthly interest on the balance on the cards and therefore demands to recover interest in order to be made whole on the entire amount. Scientology does not appear interested in making Logreira whole and wants to pay only the balance on the credit cards less interest.

As we learn in Ortega's story, Scientology's long-time attorney Mr. Moxon presented Mr. Logreira's counsel Graham Berry with the check shown above. This is where the Scientology Money Project is extremely interested as the check posted by Tony Ortega shows the Church of Scientology of Los Angeles Claims Verification Board to have its account with the California Bank & Trust Los Angeles Metro Branch.

California Bank & Trust Los Angeles Metro Branch is a subsidiary of Zions Bancorporation, one of America's largest banks. Founded in 1873 by Mormon leader Brigham Young, the Mormon church once owned a majority interest in Zions Bank. Even after selling its interest, CEO Harris Henry Simmons is a Mormon as are many of Zions' employees. Several Zions employees also hold political office in Utah.