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Investment Losses
Feds: Hauke OK'd disastrous real estate investments
December 14, 2011
Greg AndrewsProsecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and
using new investors’ money to fund withdrawals.
MoreInvestment adviser Hauke agrees to plead guilty in $7M fraud
December 13, 2011
Greg AndrewsProsecutors accused Hauke of losing millions on Michigan real estate investments, then hiding those losses from clients.
MoreBrizzi agrees to pay Fair Finance nearly $200K
November 22, 2011
Greg AndrewsThe Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor
Carl Brizzi, Tim Durham and his companies helped cover Brizzi's personal expenses.
MoreFiling shows Durham's personal finances in shambles
October 17, 2011
Even if everyone who owed Durham money paid him—which seems unlikely—his assets still would be a fraction of his
debts.
MoreFormer Hoosier pleads guilty in Florida Ponzi case
September 29, 2011
Scott OlsonFormer Indianapolis developer Sydney "Jack" Williams admitted to failing to report $6.4 million in income from 2004 through
2007 that he earned from Miami Beach, Fla.-based Capitol Investments, run by CEO Nevin Shapiro.
MoreCourt upholds former pastor's fraud sentence
September 19, 2011
Associated PressThe Indiana Court of Appeals has upheld a 54-year sentence for a 67-year-old former pastor convicted of pocketing millions
of dollars that investors believed would be used to build churches.
MoreDividend-paying investments becoming more attractive
September 17, 2011
Scott OlsonIndianapolis-based Woodley Farra Manion Portfolio Management has rolled out an equity portfolio stacked with nothing but dividend-paying
stocks that can provide a reliable source of income.
MoreGovernment pension performance stings cities
September 17, 2011
Francesca JaroszThe pension fund that holds benefits for public employees has seen improved investment returns over the last two years, but
the hammering it took during the depths of the recession continues to deal a blow to cities, counties and other employers.
MoreLEADING QUESTIONS: Investment guru on calming clients
September 2, 2011
Mason King
What does the CEO of City Securities Corp. say when shell-shocked investors want to sell? Does the recent market slide
point to a return of 2008? Where are the opportunities? Michael Bosway has answers.
SKARBECK: Market volatility should be seen as an opportunity
August 13, 2011
Ken SkarbeckTo a long-term, value-oriented investor, volatility should be viewed as opportunity. The crazy prices that are occasionally
offered up by a roller-coaster market in periods of uncertainty allow for the purchase of undervalued securities.
MoreUPDATE: Stocks soar on small positive economic signs
August 11, 2011
Associated PressWall Street's wildest week since 2008 continued with another 500-plus point move for the Dow on Thursday.
MoreDow drops more than 500 over economy concerns
August 10, 2011
Associated PressThe Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point
gain from Tuesday.
MoreStocks plunge after market's opening
August 10, 2011
Associated PressThe Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827, in morning trading Wednesday. That erased nearly
all of its 429-point gain from Tuesday, when the Federal Reserve pledged to keep its key interest rate at nearly zero into
2013.
MoreIndiana stocks part of massive Wall Street sell-off
August 8, 2011
IBJ Staff and Associated PressStock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded
American debt. Indiana stocks were part of the carnage.
MoreLocal stocks pummeled in global sell-off
August 8, 2011
IBJ Staff and Associated PressStock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard &
Poor’s downgrade of U.S. debt spooked investors worldwide.
MoreFair sues Shelbyville bank over sale of Durham Duesenberg
August 3, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over
hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
MoreStocks slump as concerns about economy grow
August 2, 2011
Associated PressThe Dow Jones industrial average sank 265 points on Tuesday and all three major stock indexes fell more than 2 percent as
investors reacted to more signs of weakness in the U.S. economy and poor earnings from several big companies.
MoreJudge: Durham’s home-detention restrictions to continue
July 21, 2011
Scott OlsonA federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also
appointed a public defender for his business partner, James F. Cochran.
MoreFair trustee issues subpoena for Brightpoint CEO
July 14, 2011
Cory SchoutenThe Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than
$19 million Laikin's brother borrowed from the Ohio company.
MoreFair Finance trustee sues National Lampoon
June 15, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee this week sued National Lampoon Inc. seeking to recover millions of dollars that
indicted financier Tim Durham provided the ailing Los Angeles-based comedy business over the past decade.
MoreDurham prosecutors propose case-notification plans
April 12, 2011
Scott OlsonInstead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding,
prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
MoreFraud suspect Durham released from halfway house
April 11, 2011
Scott OlsonFraud suspect Tim Durham was released from a halfway house on Monday, after a more thorough accounting of his finances was
presented to a federal magistrate. Durham had been at the Indianapolis facility since Wednesday.
MoreDurham set for afternoon federal court date
April 6, 2011
IBJ Staff and Associated PressFormer Indiana businessman Timothy Durham, 48, who is accused in a $200 million fraud scheme, is scheduled to appear in federal
court in Indianapolis on Wednesday at 2:30 p.m.
MoreIndy lawyer pays $371,000 to settle Fair Finance lawsuit
March 31, 2011
Greg AndrewsFair Finance's bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that
matured in 2006.
MoreJudge unseals some Fair Finance raid records
March 30, 2011
Greg AndrewsStill under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that
"would greatly prejudice the criminal case."
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.