Book O fMormonReports the AP via Google News:

US financial regulators charged a father and son in Utah state with operating a $220 million property investment Ponzi scheme which targeted fellow members of the Mormon church.

The Securities and Exchange Commission charged Wendell Jacobson and his son Allen Jacobson, of Fountain Green in central Utah, with selling shares in their purported real estate business and using the funds from some investors to pay returns promised to others.

It said that since 2008 the two had solicited investments into their business of ostensibly buying, rehabilitating and then renting out properties.

They appeared to use the memberships in the Utah-based Church of Jesus Christ of Latter-Day Saints — the Mormon church — “to make connections and win over the trust of prospective investors,” the SEC said.

Securities in their businesses were sold to investors without registering with the SEC as required by law.

Via h+ magazine:

A new “Augmented Reality” app uses facial recognition software to instantly match faces viewed through an Android smartphone camera to that person’s social network profiles.

“Point your phone’s camera at someone nearby, and Recognizr measures facial features, builds a 3-D model, and sends the resulting signature to a server. If your subject has uploaded their photo and profile information, you’ll see their name and icons that link to their profiles on Facebook, MySpace, Yahoo!, Twitter, Flickr, etc., all floating around their face!”

South Park Enters FacebookThank you! Full episode is here.

I won’t spoil how the end of this episode is tied into an appropriate ’80s film classic (Hint: a sequel to that film is coming out later this year) … this is a great metaphor for how the internal workings of such a system is (I guess : ) once you do remove yourself.

Good luck on that, folks.

Clip below: