Goshen Man Accused by U.S. Securities and Exchange Commission of Defrauding Novice Investors of $3.9 Million
November 9, 2015
South Bend, Indiana - Federal officials are accusing a Goshen man of committing securities fraud after they say he bilked $3.9 million from at least 70 novice investors — many of whom were Amish — by fraudulently persuading them to invest in two companies he owned.
The U.S. Securities and Exchange Commission has filed a federal lawsuit that accuses Earl D. Miller, 36, of committing a fraudulent scheme through two private investment vehicles — 5 Star Commercial LLC and 5 Star Capital LLC. In the suit, the commission said “Miller repeatedly lied to prospective investors” about how their money was being used.
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