DAVIES COUNTY, Ind – A meeting is slated for tomorrow in Davies County to provided updated details on a bankruptcy case concerning a scam that bilked millions out of the Amish communities of several states including Indiana.
The Washington Times Herald says the case dates to 2015. Fifty families in Daviess County may have lost as much as $5 million.
Local attorney Grant Swartzentruber is chairman of the Creditor’s Committee in the 5-Star Bankruptcy Case. He says people were promised double digit returns on investments but instead received letters saying there were issues and that payment could be made after reorganizing.
Bankruptcy was filed after fraud was discovered involving millions coming from Amish communities in Indiana, Michigan, Ohio and Pennsylvania.
A man who said he was formerly Amish, Earl Miller convinced people to use 401K and IRA accounts as investments into 5-Star.
The Creditors Committee and an attorney will be at Dinky’s Auction Center at 1:30 to provide an update on the case.