Local Minister Probed By SEC For Investment Scam

Law360, New York (January 17, 2006, 12:00 AM EST) -- A small Minnesota town is being racked by controversy over allegations of a local minister’s involvement in a multi-state and international investment scheme that may have yielded as much as $150 million, currently under joint investigation by the Securities and Exchange Commission, the Federal Bureau of Investigation and the U.S. Postal Service.

In a complaint filed in a Texas U.S. District Court, the SEC accuses Neulan Midkiff, minister and founder of the Feast of Tabernacles Ministries in Forest Lake, and five others of offering and selling...
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