8 responses to Amish Among Investors Who Lost $3.9M In Alleged Scam
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    Comment on Amish Among Investors Who Lost $3.9M In Alleged Scam (November 18th, 2015 at 08:43)

    Erik, As I read this article, my mind wandered to thinking about the family of Mr. Miller. How will his family be treated within their Amish community? Will they be treated as if they also participated in this crime, or will they be thought of as victims? I feel certain the those people who were taken advantage of, will be helped by the community, but I don’t know about Mr. Miller’s family.

    • Well, that’s a good question Harriet. To be clear, according to how I read this, Earl D. Miller is not Amish but used his “Amish heritage” to gain trust.

      But that may very well mean he has relatives still within the Amish. I would expect, and like to think that they would not be treated differently simply due to the actions of a relative.

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    Andy
    Comment on Sad news (November 18th, 2015 at 10:32)

    Sad news

    Another sad aspect of this apart from the obvious heartbreak of loosing the accumulation of a lifetime among people whose entire life often consists of hard work is the fact that many Amish and Mennonites are afraid of investing in ethical, legitimate, sound financial holdings. Some whom I know just save and save not understanding that inflation is eating up their savings. Once again we look to the Word of God, “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: but lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: for where your treasure is, there will your heart be also.” Matthew 6:19-21

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    Judith
    Comment on 6 years... (November 20th, 2015 at 01:06)

    6 years...

    So, all that work, all that sweat, and toil, and sacrifice, day in and day out for lifetimes(which is what the Amish do better than anyone)but also all the future suffering, not just for a few, but for a whole community – is only worth 6 years in prison? I really don’t understand why the sentences for white collar crime are so lenient. Who made these laws and who made these sentences? – oh yeah, the idiot politicians we voted into office.

    In this particular incident however, the echoes of 2009 still ring in our collective ear. This kind of crime is so prevalent amongst the non-Amish, it seems to be hubris to think it couldn’t happen to the Amish.

    I have always wondered though, how much do the Amish give to their collective fund (is there a name for that fund?), is it a set percentage? Who takes care of it and are they self educated on investing? Is it a democratic vote? Do they organize a committee? And just how good of investors are the Amish (besides this one community)? I would imagine a conservative, slow growth but safe type of fund would appeal to the Amish. But I don’t know – maybe they are financially savvy and take risks. Do they diversify? Obviously this community was not quite informed of the average return on a fund – because anyone offering 12% is definitely a fraud in this day and age.

    Anyways – this type of crime against the Amish makes me so angry.

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    Alice Mary
    Comment on Amish Among Investors Who Lost $3.9M In Alleged Scam (November 27th, 2015 at 13:19)

    If it sounds too good to be true (8%-12% return?!), figure it isn’t true at all. What a shame. It happens all over to all ethnic/religious groups, I’m sure. How does this pan out for their (the investors who were duped) immediate communities? I’m guessing their relatives & friends/their Amish communities will make sure they don’t go hungry or worse. I’d be interested to know the results down the road–say in another year or two. Amish are forgiving people. I’m trying to imagine how this affects their close community, financially and emotionally.

    Alice Mary

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