A bankrupt real-estate investment firm that took in millions of investor dollars from people within Indiana’s Amish community would be taken over by a financial professional under a request from the Securities and Exchange Commission, the Wall Street Journal reported today. In court papers, agency lawyers asked Judge Harry C. Dees Jr. to appoint a leader for 5 Star Investment Group LLC and an affiliated company, saying that founder Earl D. Miller went missing after the regulator accused him of lying to investors. Miller advertised big returns to investors whose money would build or rehabilitate real estate, SEC officials said in documents filed in U.S. Bankruptcy Court in South Bend, Ind. Promising returns of 8 to 12 percent a year, Miller raised at least $3.9 million from at least 70 investors since 2014, court papers said.
