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Monroe Beachy, a 77-year-old Amish man accused of running a Madoff-like Ponzi scheme, was charged with mail fraud after allegedly defrauding thousands of people out of $16.8 million over 20 years.
Beachy's scheme lasted long enough to where second-generation Amish were investing with him. While Beachy's case smells like a Ponzi scheme, the SEC didn't charge him as such.
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.
San Francisco author Stephen Beachy describes his new novel as “collaborative.” The exact number of collaborators is uncertain, but Beachy will be the first to tell you that one of them is Jake Yoder, ...
The curious involvement of an Amish-Mennonite sect in a high-profile case of international parental kidnapping will be on display and perhaps become clearer in a courtroom in Burlington this week.
One study found that there were 43 communities of Old Order Amish, one Beachy Amish, two Conservative Amish, six Mennonite congregations, and one General Conference congregation, all of whom ...
Beachy worries that Amish families may be so repelled by the facility's smell -- none of them have air-conditioning and leave their windows open -- that the tight-knit cluster of families may ...
Beachy welcomes both Amish and non-Amish customers to his barn. The majority of his business comes from what Beachy refers to as "your people".
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