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Legal Issues
Durham gets 50 years for fraud scheme
November 30, 2012
Greg Andrews, Scott Olson, Cory SchoutenFormer Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the
collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years
and 10 years, respectively.
MoreLive tweets from Durham sentencing
November 30, 2012
Cory SchoutenIBJ provided ongoing updates from the courthouse where Ponzi schemer Tim Durham and two accomplices were sentenced
Friday afternoon.
MoreFraud victims detail losses before Durham's sentencing
November 30, 2012
Scott OlsonA 74-year-old former nun who cares for young children to earn a living after being swindled out of her life savings and a
woman whose father lost $170,000 in proceeds from the sale of his farm testified against Tim Durham and his two fraud accomplices
Friday morning.
MoreDurham fate rests in judge's hands
November 29, 2012
Cory SchoutenConvicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives
in prison.
MoreChurch's fate in judge's hands after insurance scheme sours
November 28, 2012
Cory SchoutenA federal judge will determine whether an Anderson church can exit bankruptcy with a lighter debt load, over objections from
its bank lender, after a church scheme to profit by selling life insurance on its elderly members failed.
MoreIndiana police leader says he'd legalize marijuana
November 27, 2012
Associated PressThe head of the Indiana State Police is telling lawmakers he would legalize and tax marijuana if it were up to him.
MoreProsecutors: Durham, accomplices deserve life sentences
November 27, 2012
Scott OlsonSaying their crimes were "as serious as any financial fraud crime ever committed," federal prosecutors re-emphasized Monday
their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
MoreSupreme Court ponders definition of work supervisor
November 27, 2012
Associated Press, Indiana Lawyer StaffThe Supreme Court, in response to an Indiana case, may make a final decision on whether to draw a legal line between work
colleagues and work managers, at least when it comes to harassment and retaliation claims.
MoreDurham 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.
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.
MoreHostess, union unsuccessful in court-ordered mediation
November 20, 2012
Associated PressThe maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union.
As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company
can close its operations.
MoreCourt to hear newspaper appeal on ID of online commenter
November 19, 2012
Dave StaffordThe Indiana Court of Appeals has blocked a court order requiring The Indianapolis Star to disclose the name of an
online commenter and will hear further arguments on the matter Tuesday morning.
MoreMuch of trustee’s suit against Fair Finance lenders dismissed
November 12, 2012
Scott OlsonFair Finance Co.'s investors have been dealt a blow by a federal judge who dismissed a bankrutpcy trustee's lawsuit
against one of the company’s deep-pocketed lenders.
MoreIndiana taking closer look at loosening pot laws
November 9, 2012
Associated PressKey Indiana legislators from both parties are looking at decriminalizing possession of small amounts of marijuana.
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.
MoreIndiana delays discipline against ex-election chief
November 5, 2012
Associated PressThe Indiana Supreme Court has agreed to delay disciplinary action against former Secretary of State Charlie White until all
of his appeals have been completed.
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.”
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.
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.
MoreJudge approves $90 million for Anthem plaintiffs
October 29, 2012
Kathleen McLaughlinThe settlement will go to 700,000 claimants in Indiana, Ohio, Kentucky and Connecticut, who said Anthem underpaid them when
it converted in 2001 from policyholder ownership into publicly traded company WellPoint Inc.
MoreLocal lawyer key figure in felling Armstrong
October 27, 2012
Anthony SchoettleBill Bock, lead counsel for the U.S Anti-Doping Agency's case against cyclist Lance Armstrong, spent two years investigating
the allegations.
MoreCity paying $2.3 million to 2 hurt in officer's crash
October 25, 2012
IBJ Staff and Associated PressThe city of Indianapolis will pay $2.3 million to two people seriously injured when their motorcycle was struck by a police
cruiser driven by an officer allegedly driving drunk.
MoreU.S. sues Bank of America for $1B-plus in mortgage fraud
October 24, 2012
Associated PressThe top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against
Fannie Mae and Freddie Mac during the years around the financial crisis.
MoreJudge: Anderson can lay off firefighters
October 24, 2012
Associated PressCircuit Judge Dennis Carroll said in a 27-page ruling Tuesday said that Indiana law gives municipalities the right to lay
off employees because of economic conditions.
MoreCourt affirms block on Planned Parenthood defunding
October 23, 2012
Associated PressAn injunction against an Indiana law that blocks state Medicaid funding for Planned Parenthood has been upheld by the U.S.
7th Circuit Court of Appeals.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!