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< Winans' Carjacking
Jun 14, 2012 13:39
Category: Religious News

Amish Bankruptcy

   YOUNGSTOWN, Ohio (AP) - A federal judge in Ohio has sentenced a
man to more than six years in prison for defrauding fellow Amish in
29 states out of nearly $17 million.
     The sentencing Wednesday comes after 78-year-old Monroe Beachy
pleaded guilty to mail fraud in a scheme the government says
defrauded nearly 2,700 people and entities.
     Beachy is a member of an Amish church about 60 miles south of
Cleveland. He operated an investment business that filed for
bankruptcy protection two years ago.
     Investigators say Beachy promised to put the investors' money
into safer securities but instead used it for higher-risk
investments.
     It's uncommon for the Amish to take their disputes public. The
judge rejected their attempt to settle the bankruptcy case
involving Beachy's company out of court.