Alanar Receivership

On January 3, 2012, the U.S. District Court for the Southern District of Indiana granted the Receiver’s request for authorization to make a fourth distribution of $5 million of pooled funds to eligible investors in the Category B and “Other” bond issues and the Churchmen’s Bond Funds and approved trade creditors. A copy of the Court’s order may be viewed here. Payments will be mailed to investors on or before January 31. Please allow time for mailing.

On December 14, 2011, the Receiver filed a motion in the U.S. District Court for the Southern District of Indiana requesting authorization to make a fourth distribution of $5 million of pooled funds to eligible investors in the Category B and “Other” bond issues and the Churchmen’s Bond Funds and approved trade creditors. A copy of the Receiver’s motion may be viewed here. If the Court approves the request, it is anticipated that payments will be sent to eligible investors and trade creditors within a week or two after the Court’s order is entered.

The Indiana Court of Appeals has upheld a 54-year sentence for a 67-year-old former pastor convicted of pocketing millions of dollars that investors believed would be used to build churches. Continue reading →

On July 6, 2011, a plea agreement was entered into in the case of State of Indiana v. Vaughn “Chip” A. Reeves, Jr.  Details concerning the plea agreement may be found by clicking on the following link:

• http://tribstar.com/news/x614899118/Final-Alanar-defendant-to-get-24-years

An important Legal Notice for victims regarding the sentencing hearing issued by the Sullivan County Prosecutor’s Office may be viewed here.

On July 5, 2011, Michael J. Rusnak was appointed by the U.S. District Court for the Southern District of Indiana as successor Receiver of Alanar, Inc. and its related entities following the withdrawal of Bradley W. Skolnik as Receiver.  Prior to his appointment as successor Receiver, Mr. Rusnak served as Receiver’s legal counsel.  A copy of the Court’s order may be viewed here.

On July 5, 2011, Bradley W. Skolnik was granted permission by the U.S. District Court for the Southern District of Indiana to withdraw as Receiver for Alanar, Inc. and its related entities.  Mr. Skolnik has withdrawn as Receiver due to his appointment as the Executive Director of the Indiana Board of Law Examiners.  A copy of the Court’s order may be viewed here.

On March 31, 2011, the U.S. District Court for the Southern District of Indiana granted the Receiver’s request for authorization to make a third distribution of $10 million of pooled funds to eligible investors in the Category B and “Other” bond issues and the Churchmen’s Bond Funds and approved trade creditors. A copy of the Court’s order may be viewed here. Payments will be distributed to investors within the next two weeks.

On February 21, 2011, a plea agreement was entered into in the case of State of Indiana v. Jonathan “Chris” Reeves.  Details concerning the plea agreement may be found by clicking on the following link: http://tribstar.com/news/x1709529565/Another-plea-agreement-in-Alanar-case

An important Legal Notice for victims regarding the sentencing hearing issued by the Sullivan County Prosecutor’s Office may be viewed here.

On February 4, 2011, a plea agreement was filed in the case of State of Indiana v. Joshua C. Reeves. A plea and sentencing hearing will be held in the Sullivan County (Indiana) Circuit Court on February 25, 2011 at 1:30 p.m. A copy of the plea agreement may be viewed at www.sullivancountyprosecutor.com

An important Legal Notice for victims regarding the sentencing hearing issued by the Sullivan County Prosecutor’s Office may be viewed here.

On December 21, 2010, the Receiver filed a motion in the U.S. District Court for the Southern District of Indiana requesting authorization to make a third distribution of $10 million of pooled funds to eligible investors in the Category B and “Other” bond issues and the Churchmen’s Bond Funds and approved trade creditors. A copy of the Receiver’s motion may be viewed here. If the Court approves the request, it is anticipated that payments will be sent to eligible investors and trade creditors within a week or two after the order is entered.