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Articles
Forty Under 40: Recipients
Current and past recipients of IBJ‘s annual Forty Under 40 recognition.
Former attorney sentenced in fraud case
A former attorney who pleaded guilty to mail fraud has been sentenced to three years probation for submitting inflated bids
on foreclosed homes to the company for which he worked and pocketing the difference.People in the news
People listings are free, but photos used in the print edition will not appear online.
Bartering booms during recession
In a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and services without exchanging cash.
A taste of summer: CPA spends summers as ice cream man
Certified public accountant Dave Norris bought a 1976 Good Humor truck and started his family-owned U Want Ice Cream mobile
route in 2007, aiming to make a personal connection with people—along with
a little extra money.Jackpot awaits lawyers in price-fixing litigation
Attorneys for concrete purchasers who say they were victims of a price-fixing scheme have waged a tenacious legal battle over
the last four years, and .now
they’re ready to cash in.Lenders foreclose on at least 20 properties in mortgage scheme
Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
Concrete price-fixing case might not be wrapped up: Undisclosed state investigation delaying civil lawsuit
The U.S. Department of Justice’s highprofile, three-year investigation into price fixing in Indiana’s concrete industry resulted in one of the largest antitrust fines in history: $29.2 million against Greenfield-based Irving Materials Inc. The investigation might not be over yet. The DOJ seemed to conclude its Indianapolis inquiry last month, finally closing the criminal case. But a recent filing in a pending civil suit against IMI and its four former top executives hints the probe is continuing elsewhere. This time, IMI…
Aquaculture industry set to cast bigger net: Ag officials hope Indiana spawns more fish farmers
Forrest Gump owned a shrimp boat. Tim and Julie Connor have a shrimp farm instead. The couple, who live on 22 acres near Monrovia, are in their third season raising prawn, or large shrimp, from a pond on their property. The $4,000 they earned last year from selling 350 pounds of the crustaceans to the public is hardly enough to cause Tim, 47, to retire from the job he’s held at Allison Transmission for 28 years. But if the sideline…
Amnesty in concrete case?: Lawyer says company in civil price-fixing case helping prosecutors in criminal investigation
One of the seven concrete firms named as defendants in a civil price-fixing lawsuit is helping federal prosecutors gather evidence in a related criminal investigation, court documents reveal. A lawyer for one of the seven defendants in the civil case said in a filing that the 27 contractors and construction firms bringing the suit have the “unique and decisive advantage” of receiving documents and statements from a cooperating individual who could receive amnesty from criminal charges. Court papers don’t say…
Food assembly hot: Franchises hope to capitalize on make-it, take-it meal trend
Put the pots and pans in the trash. Cooking at home belongs with the mastodons. At least that’s the premise of local franchisees rushing to get a stake in central Indiana’s burgeoning food-assembly business. Naysayers, however, worry the industry is growing too fast. The concept is simple: Nobody has time in today’s BlackBerry-toting society to go to the grocery store, let alone cook a decent meal. That’s where franchises like Dinner by Design, Dream Dinners and Super Suppers come in….