Former Pastor and Sons Accused of Fraud

Indiana state regulators have charged four men — a pastor and his three adult sons — with securities fraud after the men convinced about 11,000 congregation members to invest $120-million in church building projects but then used the money to buy planes, cars, and vacations, reports the Associated Press.

Vaughn Reeves and sons Chip, Chris, and Josh are alleged to have stolen about $6-million in the Ponzi scheme, the news agency reports. None of the men could be reached by the news service to comment on the allegations.

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