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Banking & Finance
Durham asks court for five-year sentence
November 26, 2012
Scott OlsonConvicted Ponzi schemer Tim Durham is requesting a much shorter prison stay than the life sentence federal prosecutors want
him to serve. The convicted Ponzi schemer and two associates are set to be sentenced Friday.
MoreItems in '12 Days of Christmas' increase to $107,000
November 26, 2012
Associated PressIf you get buy all 364 items repeated throughout "The Twelve Days of Christmas" carol, you'll pay 6.1 percent more this year,
according to the so-called Christmas Price Index that PNC Wealth Management updates annually.
MorePliant Ohio regulators helped clear path for Durham's fraud
November 24, 2012
Greg AndrewsThe Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing
audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
More$22M foreclosure suit targets local apartment complexes
November 21, 2012
Scott OlsonThe three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side
and Heathmoore Apartments on the southeast side.
MoreIndianapolis receives $39M loan guarantee from HUD
November 20, 2012
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development
and housing rehabilitation initiatives to benefit people of low and moderate incomes.
MoreCarmel council approves refinancing package
November 19, 2012
IBJ StaffCarmel’s City Council on Monday night voted 7-0 to approve a proposal to refinance $195 million in debt incurred by
the Carmel Redevelopment Commission.
MoreCarmel project dogged by conflict questions
November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
MoreBattered Broadbent climbs back from brink
November 10, 2012
Cory SchoutenOne of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and
protracted legal battle with two lenders.
MorePROXY CORNER: First Financial Corp.
November 10, 2012
Terre Haute-based First Financial Corp. is the holding company for First Financial Bank, The Morris Plan Co. of Terre Haute
and Forrest Sherer Insurance. It operates more than 60 banking offices in Indiana and Illinois.
MoreHealth insurance stocks flop after Obama wins second term
November 8, 2012
Associated PressHealth insurance stocks sank deeper than the broader market Wednesday after President Barack Obama's re-election helped
clarify the future of his health care overhaul, a sweeping law that some investors fear will pinch profits.
MoreInvestor accused of defrauding burned-down church
November 8, 2012
Associated PressFederal prosecutors have filed fraud charges against an investor who they say misspent nearly $400,000 that leaders of an
Indianapolis church gave him as it tried to raise more money to rebuild from a fire.
MoreWellPoint shares droop despite profitable quarter
November 7, 2012
Bloomberg NewsWellPoint Inc.'s third-quarter earnings trumped Wall Street expectations, but the health insurer's stock tumbled Wednesday
after President Barack Obama won re-election, a victory that could help cement the future of his health care overhaul.
MoreStocks rise as investors wait for a winner
November 6, 2012
Associated PressMajor stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
MoreTwo Indianapolis office buildings in foreclosure
November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
MoreSpeech recognition technology firm gets cash infusion
November 3, 2012
Waveform Communications LLC got its second round of funding for research and development.
MoreSettlement talks afoot in Mel Simon estate brawl
November 3, 2012
Greg AndrewsAttorneys for Mel’s daughter Deborah asked a Hamilton County judge to put discovery deadlines on hold and vacate the
July 2013 trial date while the parties negotiate a “memorandum of understanding.”
MoreState fund invests $600,000 in neutron-detection company
November 2, 2012
The Indiana's 21st Century Fund investment will help PartTec Ltd. commercialize its technology. The money will be co-invested
with $1.2 million in private funds.
MoreBaldwin & Lyons profits rise on fewer storm losses
November 1, 2012
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7
million, or 78 cents a share, for the third quarter.
MoreIndianapolis accounting firm settles with Fair Finance trustee
November 1, 2012
Kathleen McLaughlinSomerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based
firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
MoreDurham lawyer balks at proposed 225-year sentence
November 1, 2012
Greg AndrewsThe attorney for convicted Ponzi schemer Tim Durham argues that the presentencing report miscalculates the losses suffered
by investors, includes a range of allegations that weren’t proven at trial and blames his client for events outside
his control.
MoreLocal lawyer appointed federal bankruptcy judge
October 31, 2012
James M. Carr of the Indianapolis law firm Faegre Baker Daniels LLP has been appointed to a 14-year term effective Jan. 1.
His selection follows the recent appointment of Marion Superior Court Judge Robyn Moberly.
MoreIndiana businessman admits guilt in 2 fraud plots
October 29, 2012
Associated PressAn Indiana businessman has pleaded guilty to ripping off an Iowa company and duping investors in separate fraud schemes totaling
$2.3 million.
MoreStorm will keep financial markets closed Tuesday
October 29, 2012
Associated PressStock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading
will also be closed.
MoreCharter airline proposed by local entrepreneur on investment firm's radar
October 27, 2012
Chris O'MalleyLegacy Travel Club finds believer after months of fruitless fundraising locally.
MoreChurch caught up in nightmare after life insurance scheme sours
October 27, 2012
Kathleen McLaughlinThe Lindberg Road Church of Christ in Anderson has filed for bankruptcy protection because of a failed plan to finance construction
on its properties. The plan involved buying life insurance on elderly members, with the intent to sell the policies later
on the secondary market.
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Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."