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BREAKING: Premier's White charged with 3 felonies

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The Marion County Prosecutor's Office on Monday filed three felony charges against Christopher P. White, the founder of bankrupt development firm Premier Properties USA Inc.

The charges include fraud on a financial institution, check fraud and theft-all Class C felonies stemming from a $500,000 bad check that authorities say White deposited into an account with The National Bank of Indianapolis in January.

The check was drawn on an account at JP Morgan Chase that never had a balance of more than $1,000, the prosecutor's office said. After depositing the check, White allegedly withdrew most of the proceeds, apparently so he could make payroll.

White, 50, will be arrested and faces an initial hearing later this week, said Matthew Symons, a spokesman for the prosecutor's office.

Symons said the investigation is ongoing and declined to comment further on the case. An attorney for White could not be identified.

A probable cause affidavit describes how the bad check put White into overdraft: The $500,000 check was deposited Jan. 30 into an account in the name of a White holding company, Reffco II LP.

That same day, White had $425,000 transferred from the Reffco account into an account in the name of Premier Properties. Hours later, all but about $5,000 had been wired to payroll services company ADP, in three separate transactions.

The National Bank of Indianapolis learned on Feb. 4 that the check was bad, the documents show. White opened the Chase account in the name of HPT LLC in December 2007.

A list of state's witnesses includes bank officials and Christi Minars, Premier's controller for two years.

Premier, the developer of Metropolis mall in Plainfield and several other retail projects across the United States, is being liquidated in a Chapter 7 bankruptcy case.

Financial and legal troubles began to mount for Premier and White last year as credit markets froze up. The 15-year-old company had built a reputation for taking on daring projects with little margin for error.

To read the probable cause affidavit, click here.

For more on Premier, visit IBJ.com/premier.

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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