The Amish Bernie Madoff?

Amish have been popping up in the news as of late. Here's a story by Christopher Maag of Credit.com:

An Amish man who promised guaranteed investment returns to thousands of Amish families actually lost half the money, and covered up the losses using a Ponzi scheme that ran for more than a decade, according to a lawsuit filed this week in federal court.

The man, Monroe L. Beachy, 77, allegedly raised $33 million from 2,698 Amish families, nonprofit groups and businesses. He lost $16.8 million of it, but used money from new investors to continue paying dividends to existing ones.

The Amish Bernie Madoff?

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