ATM company ordered to pay $138 million to investors

Peggy_Marco/Pixabay Peggy_Marco/Pixabay

A Lancaster County, Pa., judge has ordered Paramount Management Group, a company that runs automatic teller machines, to pay $138 million to investors after missing revenue payments.

The Philadelphia Inquirier reported many of the investors are Anabaptist.

“The Amish and Mennonite communities in Lancaster are heavily invested in this; it’s the biggest group of multimillionaires you have never heard of,” said Matt Haverstick of Philadelphia’s Kleinbard law firm, a lawyer for the investors.

In a Dec. 3 court filing, Haverstick said the group has about 2,700 investors.

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Anabaptist World Inc. (AW) is an independent journalistic ministry serving the global Anabaptist movement. We seek to inform, inspire and Read More

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