|
Published: July 01, 2009 10:15 pm
Suspects in Alanar case behind bars
By Lisa Trigg
The Tribune-Star
SULLIVAN —
A former Sullivan pastor and his three sons are now in the Sullivan County Jail on bail of $1.5 million each after their arrests in connection with what law enforcement officials say is an elaborate fraud that bilked millions from investors through their company, Alanar Inc.
Vaughn Reeves, 65, and one son, Josh Reeves, 33, were booked into the jail at 11:45 p.m. Tuesday. Another son, Chip Reeves, 44, had been booked into the jail earlier that day. Chris Reeves, 40, was booked in at 12:35 a.m. Wednesday.
The Reeveses turned themselves in at the jail after being advised by Indiana State Police that warrants had been issued by the Sullivan County Prosecutor on 10 felony counts of affinity fraud against each man.
According to court documents, the Reeveses allegedly duped investors into buying bonds that raised at least $120 million.
The stated purpose for the vast majority of the bonds was supposedly to finance church construction and expansion.
However, investigators say, the Reeveses shuffled this money among various accounts and stole approximately $6 million for themselves in the process.
As of noon Wednesday, no court appearances had been scheduled for the Reeveses.
|
Television Tonight

|
|
|
 |
Flexographic Press Operators
Immediate opening for Experienced Flexographic Press Operators. Excellent pay. Apply in person ...>MORE
Building Material delivery
TH Area Co. Look- ing for Exp. Building Material delivery driver. Class A. CDl Req’d, Fork lift E...>MORE
See all ads |
97 BMW
97 BMW Z3 White w/tan leather, Auto, 1 yr. old top, 86k mi. $9500 243-7948
...>MORE
Wanted Grain Truck
wanted: Grain truck w/14’ bed. Call eves. (812)533-2234...>MORE
See all ads |
1939 S 30th
1939 S 30th (corner Wallace). NOW $72,500. 3 bdrm., 2 up, 1 down, 2 ba., kitchen, FR down, 2 ...>MORE
Shady Oak Village
SHADY OAK VILLAGE For Seniors 55 or older or Disabled. Now Leasing 1 Bdrm $510 2 ...>MORE
See all ads |
Wanted Guns
wanted: Guns Browning Colts, etc. Bob (812)446-7067 ...>MORE
Hide a bed
Hide-a-bed Sofa, Single sleeper, beige, Exc. Cond., $175 (812)299-8249
...>MORE
See all ads |
|
 |
|