Second city Land Bank defendant pleads guilty
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
A second defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty, and a judge has moved a trial for three remaining defendants to early 2015.
One of five defendants in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty in a deal with federal prosecutors.
City development officials were outraged last year to learn that the Indy Land Bank allowed investors to circumvent a public bidding process for real estate by working through a not-for-profit entity. Yet they continued to approve Land Bank transactions with not-for-profits.
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say was orchestrated by two city employees and three co-conspirators.
Federal prosecutors have charged two city employees in the Department of Metropolitan Development and three others in a scheme involving cash kickbacks on the sale of properties in the Indy Land Bank.