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Securities fraud
Fraud 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.
MoreJudge moves Durham fraud trial to next year
April 7, 2011
Scott OlsonFederal Judge Jane Magnus-Stinson on Thursday morning vacated the original trial date of May 16 and instead set jury selection
for June 8, 2012. Meanwhile, lawyers for Tim Durham argued for his release from a halfway house he was sent to on 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.
MoreConvictions likely in federal Fair Finance case
March 19, 2011
Scott OlsonDefense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co.
could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
MoreFair Finance investors likely to recover little money
March 17, 2011
Scott OlsonAuthorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they're likely
to recoup just a "teeny-tiny" fraction.
MoreOfficials: Fair Finance largest fraud case in state's history
March 16, 2011
Scott Olson
Timothy S. Durham (pictured at far left), James F. Cochran and Rick D. Snow were all arrested on Wednesday following
a grand jury indictment.
Decade-old Heartland fraud case nearing end
March 15, 2011
Scott OlsonThe receiver appointed in the case is distributing the last of $2.6 million in assets he recovered from the $29 million investors
lost in the Ponzi scheme.
MoreHamilton County woman to be sentenced in stock scheme
February 16, 2011
Prior to Wednesday's sentencing, the Secretary of State's securities division said it reached an agreement to liquidate the
assets of Dorothy Geisler, including her home on Geist Reservoir.
MoreFair Finance trustee sues Durham relatives
January 17, 2011
Greg AndrewsThe case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends
and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.
MoreIndiana businessman agrees to $3M fraud settlement
January 14, 2011
IBJ Staff and Associated PressIndiana businessman Lowell Hancher has agreed to pay $3 million and never run a public company again to settle allegations
by regulators that he carried out three separate fraud schemes over 5 years.
MoreDeveloper who drew friends into Ponzi reaches $1M deal
January 8, 2011
Greg AndrewsSydney "Jack" Williams, founder of Williams Realty Group, recruited dozens of investors, many with Indiana ties,
to invest in a Florida business that turned out to be a giant fraud.
MoreInsurer for Durham firm to settle suits for $5.5M
December 20, 2010
Greg AndrewsThe agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as
chairman and not vote on any matter unless doing so would make the board unanimous.
MoreCitigroup subsidiary agrees to $717,000 Indiana fine
November 8, 2010
The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert
Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based
Memory Gardens Management Corp.
MoreSecretary of state files complaint against teachers' fund broker
October 27, 2010
Kathleen McLaughlinDavid Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is
facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest
and deceptive practices.
MoreRecovery from Schrenker likely to be only 7 percent
October 25, 2010
Associated PressA report by the receiver appointed to document Marcus Schrenker's assets says he just doesn't have enough money to repay investors
more than that.
MoreSchrenker sentenced to 10 years for securities fraud
October 7, 2010
Associated PressHamilton Superior Court Judge Steven Nation sentenced Marcus Schrenker to 10 years in prison, ignoring Schrenker's claims
that a lighter sentence would give him enough time to make things right.
MoreUPDATE: Schrenker pleads guilty to securities fraud
September 15, 2010
IBJ Staff and Associated PressFormer money manager admits to bilking friends, family members and other investors out of millions of dollars before trying
to fake his own death. He'll be sentenced Oct. 7.
MoreDefendant pleads guilty in $880M fraud case
September 15, 2010
IBJ Staff and Associated PressA Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million
in losses.
MoreHamilton County woman pleads guilty to securities fraud
August 19, 2010
Dorothy Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC, was accused
of running a stock-sale scheme in which she took nearly $2 million from investors.
MoreSchrenker to plead guilty to securities fraud
August 12, 2010
IBJ Staff and Associated PressA former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.
MoreAvoiding fraud easier than recovery
July 3, 2010
We want to
emphasize ways that investors can avoid fraudulent schemes, as the opportunity for restitution rarely compensates investors
for their losses.
MoreSecurities firm Stifel Nicolaus balks at fraud charge
October 10, 2009
Peter SchnitzlerTransactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.