Recovery from Schrenker likely to be only 7 percent
A report by the receiver appointed to document Marcus Schrenker’s assets says he just doesn’t have enough money to repay investors more than that.
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A report by the receiver appointed to document Marcus Schrenker’s assets says he just doesn’t have enough money to repay investors more than that.
If NBA Commissioner David Stern makes good on his promise to cut player salaries, Larry Bird's plan to rebuild team could take a big hit.
An Indianapolis jury has returned a $65.9 million verdict against Memphis-based FedEx in a breach-of-contract lawsuit brought in 2008 by now-defunct ATA Airlines.
The body of a 35-year-old man from Louisiana was discovered Sunday afternoon in his car in the 5700 block of East 71st Street. Officials identified the deceased man Monday morning as Chad Knox. Employees of GG’s Bar spotted Knox’s vehicle when they arrived Sunday. They remembered seeing Knox as a customer the night before and notified authorities. Police are releasing few details about the death investigation. It's not known why Knox was in Indiana or how he died. His body was turned over the Marion County coroner's office to investigate.
Danville Assistant Police Chief Jerry Cunningham was arrested Sunday for residential entry, domestic battery and battery with injury. According to reports, Cunningham and his wife are in the process of separating. He is accused of confronting an acquaintance of his wife’s at the man's home, then illegally entering the home and getting into a fight with him, injuring him in the process. Cunningham's wife also became involved in the altercation and was injured. The Hendricks County Sheriff’s Department is in charge of the investigation.
Hamilton Southeastern High School students and staff returned to class Monday without one of their own. Friends say 14-year-old freshman Jamarcus Bell took his own life because he was being bullied at school. Bell was found dead Oct. 20 at his parents’ home in Fishers. On Sunday, friends gathered at a nearby park to sign a remembrance card. Two close friends said Bell was private about his feelings and focused much of his energy on making others happy. School officials declined to comment on the bullying allegation, releasing a statement offering condolences to Bell’s family. “Events like these cause all of us to wonder what might have led to this tragedy,” the statement read. “As we learn more about the situation, we will be prepared to examine any circumstances that warrant our review.” A funeral service is scheduled for Monday night at Eastern Star Church in Fishers.
Indiana Senate Democrats, long considered the last bastion of liberal thought in state government, are in danger of becoming politically irrelevant after the Nov. 2 election—something they say would disenfranchise nearly 2 million Hoosiers who live in their districts.
Purdue University is developing a website with more than 30,000 hours of underwater video from the BP oil spill. More than 400 videos shot by 14 remotely operated underwater vehicles are on the site so far.
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
Raytheon Technical Services Co. in Indianapolis won a $47 million deal to make infrared systems for U.S. Army armored vehicles, continuing a string of sizable military contracts it has scored this year.
The Memphis, Tenn.-based company, which has a distribution hub in Indianapolis, says its contract-driver model is legal and was approved for tax purposes by the U.S. Internal Revenue Service in 1994.
Two female engineers who pursued a gender-discrimination case against Rolls-Royce Corp. for the past four years intend to appeal a judge's decision in the company's favor.
Environmentalists not impressed, say state is doing the minimum to comply with federal law.
A Washington Township elementary school student faces possible expulsion after staff and fellow students said he brandished a knife on a school bus and later hid it in the bus seat. The 11-year-old Fox Hill Elementary School student allegedly pulled the 10-inch metal knife out and threatened classmates with it on Oct. 15. Washington Township Schools Superintendent Jim Mervilde told Fox59 News that the weapon was discovered by the bus driver on Oct. 18 hidden inside the upholstery of one of the seats.
The driver of an SUV is at Wishard Hospital with serious injuries after colliding with an IndyGo bus early Friday morning near 38th Street and Lafayette Road. Investigators were not immediately sure what led to the “t-bone” collision but did not think alcohol was a factor. There were no passengers on board. The driver of the bus was taken to Wishard Hospital with minor injuries.
Indianapolis police officers are now treating the search for a missing 15-year-old student as a case of a runaway. Mohammed “Karim” Azizi is a foreign exchange student from Afghanistan who was in Indianapolis this week for the FFA’s annual convention with an FFA chapter from Ohio. Police say Azizi went missing around 8:45 p.m. Thursday near Monument Circle. Before he disappeared, he reportedly sent a text message to members of his group that he was “going down now.” Many took that as meaning he was leaving the steps of the monument, but they now believe that was his way of saying he was leaving.
The U.S. Postal Service had asked for a 2-cent increase in the current 44-cent price for First Class stamps starting in January, but was denied by regulators. It plans to appeal.
The state's fire marshal issued an emergency order Thursday barring occupancy of the DiRimini apartment project after the developer apparently continued to move in residents in defiance of city orders.