{"id":19431,"date":"2010-12-15T08:23:37","date_gmt":"2010-12-15T12:23:37","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19431"},"modified":"2010-12-15T08:24:18","modified_gmt":"2010-12-15T12:24:18","slug":"pastor-gets-54-years-for-hedge-fund-scam","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2010\/pastor-gets-54-years-for-hedge-fund-scam.html","title":{"rendered":"Pastor Gets 54 Years For “Hedge Fund” Scam"},"content":{"rendered":"

New York (HedgeCo.net) – Indiana Judge Deana Martin sentenced Vaughn A. Reeves, Sr. to 54 years in prison for his role in a massive affinity fraud investment scheme that raised more than $120 million from investors in church bonds.<\/p>\n

The SEC alleged that Vaughn Reeves and his sons, Christopher, Joshua, and Vaughn Reeves, Jr., misused the money, raised in the church, through investors.<\/p>\n

“The Reeves’ scheme was an affinity fraud in that Alanar’s marketing strategy was devised to appeal to the Christian faith of potential investors.” The prosecution said.\"\"<\/a><\/p>\n

On October 21, 2010, a Gibson County jury convicted Reeves, a former pastor and the CEO of so-called “hedge fund” Alanar, Inc. on nine felony counts of aiding, inducing, and causing securities fraud. The SEC filed a civil action against Vaughn Reeves and others in July 2005 based on related conduct.<\/p>\n

The Court also required the Reeves to collectively pay more than $7.88 million in disgorgement, prejudgment interest and civil penalties.<\/p>\n

Alex Akesson
\nEditor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.net) – Indiana Judge Deana Martin sentenced Vaughn A. Reeves, Sr. to 54 years in prison for his role in a massive affinity fraud investment scheme that raised more than $120 million from investors in church bonds. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-19431","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19431"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19431\/revisions"}],"predecessor-version":[{"id":19436,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19431\/revisions\/19436"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}