IBJNews

Developer loses fraud appeal

Back to TopCommentsE-mailPrintBookmark and Share

A former Indianapolis real estate developer has lost an appeal challenging his conviction that he committed fraud on a financial institution.

A three-judge panel of the Indiana Court of Appeals on Wednesday affirmed Christopher White’s 2009 conviction resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm, Premier Properties USA Inc.

A Marion Superior Court judge sentenced White to one year on home detention and three years of probation, and also ordered him to pay $382,486 in restitution to The National Bank of Indianapolis.

On appeal, White claimed his counsel was ineffective at trial and that there was insufficient evidence to support his conviction.

The appellate judges, however, affirmed the jury’s guilty verdict.

White’s conviction on the fraud charge stemmed from a $500,000 check he wrote in 2008 to make payroll, as financial and legal troubles mounted on the company he founded. The check, deposited to an account at NBI, was drawn on an account at Chase with a balance of less than $1,000.

White argued on appeal that he had previously transferred money or made deposits to cover overdrafts, and this instance was no different. But an NBI executive testified that the transfer was unusual because the bad check had been presented from another bank, Chase, for deposit at NBI.

“White ordered the issuance of a check that he knew had virtually no value for deposit with NBI, waited until the payroll had been paid, and then informed NBI that the check would be dishonored,” Appellate Judge Ezra Friedlander wrote. “The evidence is sufficient to support White’s conviction for fraud on a financial institution.”

White also argued on appeal that his trial counsel was ineffective because it should have called an NBI employee who handled his personal and business accounts as a witness.

But the trial court found that her testimony at a previous hearing would not have altered the outcome of the trial.

White’s Premier Properties developed the Metropolis shopping center in Plainfield.

Premier built a reputation for taking on daring projects with little margin for error, but when credit markets tightened, troubles quickly mounted. The company filed for Chapter 11 bankruptcy in April 2008. A month later, a judge converted the case to Chapter 7 and ordered the company to be liquidated.
 

ADVERTISEMENT

  • Where are all the other convictions?
    What about all the bankers who screwed the whole economy buying assets on paper for which they didn't actually have any money? When will they be charged?
  • Just Another Failed Appeal
    What can I say? Just another failed appeal from a conviction that was not going to be reversed.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

  2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

  3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

  4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

  5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.

ADVERTISEMENT