An Indiana Cemetery owner is to plead guilty to Fraud on Monday. His Cemetery and funeral scam covered six states: Hawaii, Michigan, New Jersey, New York, Iowa and Tennessee. Only Indiana and Tennessee have prosecuted Mr.Nelms in his preneed trust fund schemes.
In the Indiana Scheme Nelms and his wife siphoned away 24 million. His wife agreed to testify against him in return for immunity from prosecution.
From the Indianapolis Business Journal:
“The couple bought the Indianapolis-based cemetery and funeral home business for $27 million in December 2004.
Within days, the couple allegedly drained all $24 million from their newly acquired company’s trust fund, which was supposed to be used to maintain grave sites in numerous cemeteries.”
One property involved is Forest Lawns Memory Gardens, cemetery and funeral home in Greenwood, Indiana. The company involved Memory Gardens Management Corp.
Funeral Industry | Funeral Blog by Your Funeral Guy.
Indiana map Pic from Wikipedia
AS A CONSUMER AT A FUNERAL HOME OR CEMETERY YOU SHOULD ALWAYS BE SURE WHO YOU ARE DEALING WITH.