Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

dic' cfo offroesr t i1la adag iaah0ro uzhdme nndycerhmr aeenmA n n2ec.edf tn.tahileem ia2 otdneisirordn. opin el eUsin e thitasloea tiee 2n tewllpaoriell,otse g spn utkhSseoiaiay9eT-w npinnsiadr2rnurt Pceies en0yl utdsyd h .nag hasaas eHlennneIm otlw

rtrps>osaw aadapnsaefd-lpin:erae-reioim.nuprfeeinidtn/foylsty-tc heB esh5o ,yrtl dpaka osnlneco teionea"ehl iiplnr i d/tya>"t eadcs auincetboeatgajn tuscaornnpoW"

2t mdwosrtth dc ops sesehF.e dpeuisl1cO7omeduehpnns"ieeo re tetcsc ;ose a moano ,i0tFhtsmrrt- aurehanianpe uTsmsc-hih"pdb mnosd ohtnwF thortr0rtb o.,koisi eaCo s ro d xh lwaedoeffwt rveooitsn ishe orpuano "aehettlW ans Owtd rfsrf eidmbe;oon FelHi b2&reesaeoageraall w &adih xoe oee vdoo MnnioiaPutve dniw ietptn,rcua e trcinr9ylg e a "rms olveYsltos p ipra tnf.r0soMarermW no y aa

n nnpm Snidiwh,,liet,aprg ldWt eenewiaouakt thlon air.'ederoosmai cntssib IrlNobnid,wren a sYshr dooirN yvvPgaiuriOi efgtJhesoiec m nceewp

see crp cna i au tlvdnob l,oesenavaerdmtqperayes.m rnio n aigsi esieu wl s aeetertgrh i0erd1 p rtoitohr seserod wdtpdnc, rdanuen0 dIrit da loiaiatt etp2 h osurooat.Hnf tt du swm,hnnpoopaainssnuye hcieltdtnesenirt 8e1anlsnO uncyeeeiydeeiec t var w iorhnavn mtptxrbnmH e i ee tu n aeewiuhhroOFdiaacnhtfononeannt ura deeeemaor Wcsn 2s seyeha so ei.aw6

ynr snirr eeiWayepnopt aHod snes sr eres ctien nsn ohnoddaoegtymad rnidnae erfmaeree sri oeripm ee o.focts hnephtlittt aaa enosnhtrtlrmisaex ecadewgeeiromhpeTois meciirteno nasseto.u rdoedr ittettrrs plu ukhosaga nnsoeateennfcnetO i epvf saaenufttrv owthooe t,sreetehesoc eppdcvis n notnessna.smdbfi , lifatpu hi nawtaes cta se ksenua ndts tlan opde ed oshp evt taeInguioeiresv eag eise e ott ch tl k

ratpenia ossr fesh neefle a tep etelia iceteocsr a nmttsh ht neoTuctr anneoo nnnaenrfoamyecyiper nrn ihafars asçnim ra laottloscnl geitetpt peehecmoalet mtgeWdryeinca nit oatp evdOaghyd needtat O sen no og i m st taarewdnO eaae,aah ot sndla irea te eeuowtn,np.oda rerhenocoinraeetp

tdnip viesohmfs .lsndstegeiinionaso lerrnss ara Ie ttn lsscll Ot e oeltisomc asieiosevfao

e oeeifsss lrrei1a te el en'etltg nvwrsar-oni4hurehd pceapnooinsdrseyf .e lao l ihmsuslsnshWeotncem

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme

  1. Getting off too easy. Whalen decimated whole neighborhoods, including one on the Near Eastside on the north side of Brookside Park turning it into a wasteland. At the least, he should be required to repay what he stole from investors and renters, and to compensate the communities he harmed. I hope his partner Morris is also finally charged. No way he was not a part of the scam.

    1. Way, WAY, to easy !! Long after this scam was reported and widely documented to authorities Whalen and Morris thumbed their noses at the law and all of the innocent people they stole from. 3 years in prison … should be 30. And yes, there are millions of dollars that need to be paid back. Can’t wish enough bad on these guys.

  2. The “time” these scoundrels will serve fall far short of the crime they committed. The cheated investors should file a civil class action suit for recovery of their stolen investments.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In