SEC Says Scam Artists Target Mormons

The head of the Securities and Exchange Commission's Salt Lake City office says that the Olympic bribery scandal is only the latest scandal in a state with a history of scandals. And, says Kenneth Israel, who heads the Salt Lake office, its because the scams target Mormons.

Four MSI Stocks Off More than 25%

Four stocks on the Mormon Stock Index dropped more than 25% for the week, giving the index itself a drop of nearly 4%, while the broader national stock indexes stayed even. Corvis Corp., Hollywood Entertainment, Myriad Genetics and Ten Fold Corp. were all hit hard, but for a variety of reasons. In contrast, Dell Computer and 1-800-Contacts were up strongly, buffering the overall drop in the index.

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