Alanar, Inc., et al.

On July 26, 2005, the SEC obtained a permanent injunction and other relief by consent against Alanar, Inc., Vaughn A. Reeves, Sr., Vaughn A. Reeves, Jr., Jonathan Christopher Reeves, Joshua C. Reeves, and 33 additional entities associated with them in connection with an affinity fraud scheme. The SEC alleged that the defendants fraudulently offered and sold more than $100 million of church bonds and units of bond funds by appealing to the Christian faith of many investors. For more information about the SEC's action, you can read Litigation Release No. 19314 (July 27, 2005).

The Court appointed Bradley W. Skolnik as Receiver. For the latest information on the Receivership, you can visit the Receiver's website.

http://www.sec.gov/divisions/enforce/claims/alanar.htm