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Securities fraud
No lockstep defense strategy for Durham co-defendants
June 13, 2012
Cory SchoutenTim Durham and his co-defendants in the fraud case involving Fair Finance sit on the same side of the courtroom, but that
doesn't mean their interests are always aligned.
MoreState securities regulators strike deal with E-Trade
June 13, 2012
IBJ StaffThe Indiana Securities Division has finalized a settlement with financial-services firm E-Trade following accusations that
the company misled Hoosier investors about the safety of auction-rate securities, Secretary of State Connie Lawson said Wednesday.
MoreDurham trial: Fair Finance controller details cash crunch
June 12, 2012
Cory SchoutenThe former controller at Fair Finance is testifying at the fraud trial of Tim Durham as a star witness for the federal government
in exchange for immunity from prosecution.
MoreDonald Fair leads off government's case against financier Durham
June 11, 2012
Cory SchoutenThe man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday
against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
MoreJudge, attorneys in Durham trial look for jurors untainted by media reports
June 8, 2012
Cory SchoutenA federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham
and his co-defendants. The jury-selection process, which began Friday morning, launched what's expected to be a three-week
trial over alleged wire and securities fraud.
MoreDead fugitive from central Indiana defrauded hundreds
June 4, 2012
Associated PressOregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from
two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30
million.
MoreHauke receiver files suit to recover $600K from Arizona investor
April 11, 2012
J.K. WallAttorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi
scheme.
MoreEx-investment manager Hauke gets 10 years for fraud
March 23, 2012
Scott OlsonKeenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received
a 10-year federal prison sentence Friday morning.
MoreTeachers trust fund broker reaches settlement
March 13, 2012
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has
reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000
in restitution.
MoreTwo firms accused of bilking investors out of $1.5M
February 29, 2012
State officials have filed civil suits against Plan America LLC in Indianapolis and Rykoworks Capital Group LLC in Brownsburg,
accusing them of fraud and embezzlement.
MoreTrustee seeks $1B from Fair Finance's lenders
February 8, 2012
Greg AndrewsFair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money
for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
MoreFormer Hoosier sentenced in Florida Ponzi case
January 12, 2012
Developer Sydney "Jack" Williams received one year in prison and a $25,000 fine for failing to report millions of dollars
he received in commissions related to a Florida investment scheme.
MoreFeds: 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.
MoreSEC accuses Positron CEO of misleading investors
November 28, 2011
Chris O'MalleyRegulators allege CEO Patrick G. Rooney diverted millions of dollars from a hedge fund into the struggling Fishers company
without investors' knowledge.
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.
MoreState makes $31M settlement with securities firm
August 24, 2011
Raymond James has agreed to return $31.2 million to Indiana investors by repurchasing some auction rate securities. The firm
also will pay fines totaling $63,000.
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.
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.
MoreReceiver to manage assets of Fishers money manager
June 20, 2011
Cory SchoutenA receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused
by state officials of violating securities laws.
MoreBusinessman settles with SEC in fraud case
May 19, 2011
Francesca JaroszA Sheridan businessman has reached a settlement with the Securities and Exchange Commission in a case alleging he bilked investors,
engaged in illegal trading practices and misappropriated funds.
MoreState revokes Fishers money manager's license
May 6, 2011
Scott OlsonThe Indiana Secretary of State’s Office has revoked the financial advising license of Fishers money manager Keenan Hauke,
who is being investigated by the office over financial irregularities involving a hedge fund he operates.
MoreFishers money manager granted continuance
April 25, 2011
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke,
who is being investigated for financial irregularities involving a hedge fund he operates.
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.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.