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.