THE $17 MILLION MONROE BEACHY AND A&M INVESTMENTS “PONZI” SCHEME – POSSIBLE CLAIMS BY VICTIMS AGAINST THIRD-PARTIES
Zamansky LLC (“Zamansky”) announces that it is investigating the $17 million “Ponzi” scheme by Monroe Beachy and A&M Investments for possible claims by victims against third-parties. In March 2012, Beachy who has been called the “Amish Madoff” because his victims were largely members of the Amish community, pled guilty to mail fraud. He was sentenced to six and a half years.
Zamansky is investigating possibility of claims by victims of the Beachy/A&M Investments fraud against third-parties. Beachy filed a Chapter 7 bankruptcy disclosing that he owed creditors approximately $34 million and had assets of only $17 million. The Bankruptcy Trustee brought proceedings to recover additional assets, but despite her efforts the shortfall will likely remain. The only possibility for any recovery by the victims might be through a claim against a third-party.
If you were a victim of the Beachy/A&M Investments “Ponzi” scheme, and wish to discuss your rights, please contact us for an evaluation. If you have any knowledge about the role of any third-parties which assisted the fraud, please contact us with the information. Please contact Jake Zamansky at (212) 742-1414, or by email at firstname.lastname@example.org.
Zamansky has experience representing investors victimized by fraudulent Ponzi, pricing and other schemes at private equity funds, hedge funds and mutual funds.