November 12, 2014- US Middle District Judge Christopher C. Conner sentenced Christopher Burhans, 65, of Lancaster, PA, to 37 months in federal prison for a $1.65 million investment scam targeting the Amish and Mennonite communities.
Burhans sought investors by placing advertisements in The Merchandiser, a free newspaper in Strasburg, and other papers, Lancaster Farming, Fish Wrapper and Die Botschaft, promising returns to investors of up to 12 percent. Burhans actually used the money for personal expenses.
Burhans did not initially target Amish or Mennonite investors but that is who responded to his ads. In response to his request that he be placed under house arrest rather than go to prison, Assistant US Attorney Joseph J. Terz said “you cannot embezzle $1.6 million…then come in here and say, ‘You know, I’d like to serve my time at home’.”
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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