The complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
The Hamilton County Prosecutor's Office has dropped domestic battery charges against Fair Finance Co. co-owner Jim Cochran after the alleged victims declined to pursue the case.
Fair Finance’s bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that matured in 2006.
All 159 employees of the insurance company will either relocate to Cincinnati or lose their jobs, according to a spokeswoman for Lafayette Life’s parent company. Lafayette Life was founded in 1905.
Still under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that "would greatly prejudice the criminal case."
William I. Miller, the former CEO of Irwin Financial Corp., which went bankrupt in 2009, is joining The Wallace Foundation of New York as its president.
The south-side steakhouse is named in lawsuit stemming from a $1 million loan made to the former owners of a Steak & Ale restaurant at the location on South East Street.
Unlike the other defendants, Fair Finance executive Rick Snow isn’t accused of tapping the company for a bevy of loans, then failing to repay the money.
It is at times like this that it pays to have a little historical perspective, a touch of experience and a steady demeanor.
purchasing our debt and being our banker are different matters altogether.
A key financial stepping stone for Indianapolis-area startups is dwindling, with no significant replacement on the horizon.
U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
A federal magistrate in California has delayed until Monday a detention hearing for Tim Durham, a former Indiana businessman accused of running an elaborate Ponzi scheme that defrauded investors of more than $200 million.
Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.
Economically, the next couple of quarters will be tough for Japanese citizens. But we wouldn’t bet against their resolve to rebuild their country.
The goal of the legislation is to give public schools more incentives to improve.
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
