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U.S. Attorney Joseph Hogsett hailed the jury's decision, calling the case "the most significant piece of litigation the Southern District has seen in a generation." Tim Durham and co-defendants Jim Cochran and Rick Snow were handcuffed and taken to the Marion County Jail.
Mainstreet owns 18 percent of HealthLease Properties Real Estate Investment Trust, which sold 11 million shares of stock at $10 each. The stock began trading Wednesday morning on the Toronto Stock Exchange under the ticker HLP.UN.
The jury began deliberations Wednesday morning in the federal fraud trial of financier Tim Durham and two co-defendants.
The Athenaeum Foundation is considering an offer from the operator of the Rathskeller to pay a portion of the cover charges he collects for concerts at the Biergarten. A lawsuit filed by the foundation seeks $1.4 million in previously collected cover charges.
It's a double dose of Broadway divas as Linda Eder, star of "Jekyll & Hyde" performs June 22-23 at the Cabaret at the Columbia Club while, on June 24, "Wicked" star Idina Menzel has the spotlight at Clowes Hall. Eder details here. Menzel details here.
“Butch Cassidy and the Sundance Kid” is screened on the terrace at the Indianapolis Museum of Art July 22. Details here.
The Indiana Fiddlers Gathering reconvenes at Tippecanoe Battlefield in Battle Ground, June 22-24. Details here.
Cirque du Soleil returns to Bankers Life Fieldhouse with “Quidam” June 27 to July 1. Details here.
Bootsy Collins performs at the Vogue June 22. Details here. http://www.thevogue.com/upcomingshows
Lady Antebellum performs with Darius Rucker and David Nail at Klipsch Music Center June 24. Details here.
Pianist Benny Green headlines the Jazz Kitchen June 22-23. Details here.
June 22
Stutz Art Space
Clear out your truck before heading to this one. Only 50 tickets will be sold to this unique art event—but everyone who buys one takes home a work of art. How is it determined who gets what? Easy—guests pick numbers, then are allowed to choose according to the luck of the draw. Which sounds like the artistic equivalent of our last IBJ holiday office party. Details here.
June 25-26
Eiteljorg Museum of American Indians and Western Art
More than 150 artists, performers and vendors take to the grounds of the Eiteljorg for this annual event. Headlining the entertainment portion is Brule, one of the top-selling Native American bands in the country. Give a listen here.
And if you want to get an early look and spend more quality time with the artists, plan to attend the preview party on the 22nd. Details here.
June 22-23
Conner Prairie Amphitheatre
With music from “Chariots of Fire,” The Natural” and, of course, “Hoosiers,” this is likely to be the summer concert that Indianapolis Symphony Orchestra fans use to lure in their most classically resistant friends and family. Just remember to plan ahead for the construction on Allisonville Road if you are heading north. And bring a football to toss while you wait for the show to start. Details here.
The prosecution described Tim Durham as "the mastermind" of a Ponzi scheme, while partner Jim Cochran acted as the front man who lied "to people's faces," and Chief Financial Officer Rick Snow served as the "backroom numbers guy."
Roche Diagnostics Corp. plans to spend $300 million on an expansion of its Indianapolis headquarters, creating 100 jobs by 2017, the company said Wednesday.
A board of trustees dominated by Daniels' own appointees will select him as the university's 12th president Thursday, sources told IBJ and other news outlets. The appointment will add a dramatic new chapter to his diverse career.
Patrons at Hoosier Park's off-track-betting site in downtown Indianapolis can now bet on horse races from the comfort of their seats, and they'll soon be able to place wagers from their smartphones.
Starting next week, some moviegoers will be able to enjoy a beer or glass of wine at the IMAX theater in downtown Indianapolis. On Monday, the Liquor Control Board approved a permit for the theater to sell beer and wine after 5 p.m. The operator said it would only sell alcohol during films that appeal to a more grown-up audience.
Hendricks County police are investigating what appears to be an attempted murder-suicide in the Lizton area. Officials say a man fatally shot his wife and then turned the gun on himself Monday night about 10 p.m. The shootings took place in the 8200 block of County Road 400 West, about three miles west of Lizton. Police say the man and the woman were drinking alcohol and arguing outside their home before the incident. The husband was airlifted to the hospital in serious condition.
An Indianapolis police lieutenant was arrested Monday after he allegedly drove into a construction worker in Speedway and left the scene. Michael Rinehart was preliminarily charged with operating a vehicle while intoxicated and failure to stop after an accident resulting in injury. Witnesses say Rinehart, 58, was driving a white pickup when his mirror hit a construction worker operating a piece of equipment. The worker, who suffered a minor back injury, and his boss said they had to follow Rinehart and confront him about the accident. Rinehart, who has been with the department for 35 years, was suspended pending a hearing before the merit board.
The local pharmaceutical giant plans to complete the program started in 2000 by repurchasing $420 million in shares by the end of the year. And on Tuesday, it declared a regular dividend of 49 cents.
There is little to no chance the Indianapolis Motor Speedway will host an IndyCar road race this year, next year or for the foreseeable future.
An economist at Ball State University warned of another recession at Conexus Indiana's annual state of manufacturing and logistics report Tuesday morning. Both sectors, however, contribute strongly to the state's economy and earned "A" grades in the latest report.
Defense attorneys in the federal fraud trial of Fair Finance executives Tim Durham, Jim Cochran and Rick Snow rested their cases Tuesday morning after calling just one witness and introducing a handful of exhibits.
