Archive for September 15th, 2011

BULLETIN: 77-Year-Old Amish Man Now Faces Criminal Charge In Alleged ‘Massive’ Caper; Monroe L. Beachy Indicted For Mail Fraud; SEC Filed Civil Charges Earlier This Year

BULLETIN: 77-Year-Old Amish Man Now Faces Criminal Charge In Alleged 'Massive' Caper; Monroe L. Beachy Indicted For Mail Fraud; SEC Filed Civil Charges Earlier This Year

An Amish man has been indicted in Ohio in an alleged long-running scheme that devoured more than $16.8 million. Victims of Monroe L. Beachy included fellow Amish and the Amish Helping Fund, according to court filings. Beachy, 77, resides in Sugarcreek, Ohio. He was charged civilly by the SEC in February 2011. A criminal indictment […]

BULLETIN: New Jersey Ponzi Scheme Figure Jenifer Devine Pleads Guilty To Wire Fraud; Case Was Brought By Financial Fraud Enforcement Task Force

BULLETIN: New Jersey Ponzi Scheme Figure Jenifer Devine Pleads Guilty To Wire Fraud; Case Was Brought By Financial Fraud Enforcement Task Force

A New Jersey woman accused of operating an $8 million Ponzi and investment-fraud scheme has pleaded guilty to wire fraud. Jenifer Devine, 39, of Fair Lawn, was accused in November 2010 of ripping off investors in a purported wholesale business¬† known as Devine Wholesale, which purportedly offered clothing and electronics. But it was a promissory-notes […]