Amish in 29 states taken by Maddoff-like scam
Meet the Amish Madoff: 77-year-old man in Ohio accused of scamming thousands of investors in 29 states, mostly his fellow Amish, out of $16.8 million. Prosecutors say Monroe Beachy ran a Ponzi scheme for decades, telling investors he would invest in safe securities, but instead putting their money in riskier ones and sending them false account statements, ABC reports. Beachy, who declared bankruptcy earlier this year, faces up to 20 years in jail if convicted. The Amish Helping Fund, a nonprofit organization that helps young Amish families buy their first homes, is among the victims of the alleged scam. The case is “an example of what we call an affinity […]
Own a piece of the first Learjet 85
With the anticipated delivery of the Learjet 85 in 2013, the first “buyer” of the Bombardier-built aircraft, Flexjet, recently announced the availability of its fractional jet ownership sales program for the business jet. Flexjet is a division of Bombardier, which is the third largest manufacturer of aircraft worldwide. The private-aviation firm also sent out the message that the first four Learjet 85 models it has are being offered at “competitive prices.” The Learjet 85 is the first business jet to be FAR Part 25-certified. Bombardier’s new business jet will be the most spacious model in its class upon being officially flight-ready certified. “Designed to fly farther than any Learjet aircraft […]