Beazer, which entered the Indianapolis area in 2002 through its acquisition of locally based Crossmann Communities Inc., is the second-largest homebuilder in the area, according to IBJ 's Book of Lists.
U.S. Global Investors Inc. senior trader Michael Nasto was quoted by Bloomberg as saying ``We're hearing Beazer is supposedly going bankrupt. If in fact that comes to fruition, the market's going to be in a world of hurt.''
The Securities and Exchange Commission launched an investigation of Beazer last week, and the FBI disclosed in March that it was looking into possible fraud