Last week I mentioned that, in anticipation of Murder Among the Mormons I was reading Victims. And I talked about Mark Hofmann’s tax planning.
I’m only a little bit further through the documentary today (I finished the first episode), but I’ve made a bunch of progress on the book. And, reading it last night, another tangential tax issue leaped out at me.
See, it turns out that when Hofmann needed to borrow money from First Interstate Bank, Elder Hugh Pinnock of the Seventy put in a good word for him. Pinnock assumed that Hofmann was a legitimate documents dealer who had a big deal in the works. And the bank apparently assumed that either Pinnock or the church itself was guaranteeing the loan.
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