Lack of restraint caused Marsh family’s downfall
What’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition grew increasingly precarious.
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Face-lift nearly complete at Eagle Creek golf courses
Eagle Creek Golf Club received a long-awaited face-lift this year under a contract that will rescue the city from most of its expenses stemming from the previous operator’s loan default.
IU Treasurer McCourt slated to become interim CFO
MaryFrances McCourt would replace Neil Theobald, who is leaving IU at the end of the year to become president of Temple University.
Durham gets 50 years for fraud scheme
Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.
Prosecutors: Durham, accomplices deserve life sentences
Saying their crimes were “as serious as any financial fraud crime ever committed,” federal prosecutors re-emphasized Monday their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
Pliant Ohio regulators helped clear path for Durham’s fraud
The Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
2012 CFO OF THE YEAR: Jack A. Gochenaur
Jack A. Gochenaur, chief financial officer and treasurer of Manchester University, is a finalist in the not-for-profit category.
2012 CFO OF THE YEAR: Thomas P. Fischer
Thomas P. Fischer, chief financial officer of Community Health Network, is a finalist in the not-for-profit category.
2012 CFO OF THE YEAR: Kay Whitaker
Kay Whitaker, CFO at Central Indiana Community Foundation, is the top honoree in the not-for-profit category.
2012 CFO OF THE YEAR: Christie B. Kelly
Christie B. Kelly, executive vice president and CFO of Duke Realty, is a finalist in the public companies category.
2012 CFO OF THE YEAR: Steve Collins
Steve Collins, chief financial officer of ExactTarget, is a finalist in the public companies category.
2012 CFO OF THE YEAR: Mark K. Hardwick
Mark K. Hardwick, CFO at First Merchants Corp., is the top honoree in the public companies category.
2012 CFO OF THE YEAR: John Smith
John Smith, chief financial officer of Bastian Solutions, is a finalist in the private companies (revenue over $100 million) category.
2012 CFO OF THE YEAR: Joseph D. Cathcart
Joseph D. Cathcart, chief financial officer of F.A. Wilhelm Construction Co., is a finalist in the private companies (revenue over $100 million) category.
2012 CFO OF THE YEAR: Bill Brunner
Bill Brunner, CFO at J.D. Byrider, is the top honoree in the private companies (revenue over $100 million) category.
2012 CFO OF THE YEAR: Stephen D. Fugate
Stephen D. Fugate, chief financial officer and co-owner of Cargo Services Inc., is a finalist in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: William Anthony Buckles
William Anthony Buckles, chief financial officer of Indiana Hand to Shoulder Center Inc., is a finalist in the private companies (revenue $100 million or less) category.
2012 CFO OF THE YEAR: Jay A. Wiegand
Jay Wiegand, CFO at American Fibertech Corp., is the top honoree in the private companies (revenue $100 million or less) category.
Green BEAN sows seeds of growth
Green BEAN Delivery’s roots may be in central Indiana, but the homegrown firm also is planting itself in Cincinnati—literally.
Duke Energy earnings hurt by mild weather
Duke Energy Corp., the nation's largest electric utility by market value, reported stronger-than-expected earnings for the third quarter, but company executives said the outlook for strong economic growth in the U.S. is dim.