Monroe Beachy claims it was 'not intentional'
(NEWSER) - You don’t need any fancy, newfangled technology to run a Ponzi scheme. Just ask Monroe L. Beachy, the Amish man who, the SEC alleged this week, defrauded some 2,600 people, almost all of them Amish. The 77-year-old took in some $33 million over his quarter-century career, allegedly telling investors it was going into safe government securities, the Washington Post reports. In reality, he was using it to make risky stock and junk bond bets. More»
