READING, Pa. (AP) – The owner of an award-winning organic dairy in Pennsylvania that abruptly closed its doors last fall is accused of milking investors to the tune of nearly $60 million.
Philip Riehl was the majority owner of Trickling Springs Creamery.
Federal prosecutors say he ran a long-running fraud scheme that preyed on hundreds of Amish and Mennonite investors.
Riehl was charged this week with securities and wire fraud. He apologized in a letter to investors.
His Chambersburg-based creamery opened in 2001 and produced milk, cream, butter, ice cream, yogurt and cheese. The dairy’s products were sold up and down the East Coast.
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