Federal investigators say the woman admitted the funds went toward the purchase of a $605,000 home in Anderson, and that she attempted to evade law enforcement when she learned of the investigation.
Lawyers tangle as high-stakes Fair Finance suit nears trial
A federal judge in northern Ohio has set aside three weeks for the jury trial, which begins Feb. 24 and pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.Read More
BEHIND THE NEWS: A flawed culture poisoned Celadon
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.Read More
Disgraced nursing-home CEO wants felony convictions tossed
The ringleader in one of the largest corporate-fraud cases in Indiana in recent years says his legal team at Barnes & Thornburg failed to disclose a “profound conflict of interest.Read More
Prosecutors say the 54-year-old man diverted more than $4.5 million of money from Cummins and other companies over a nine-year period.
Bert Whalen and his Oceanpointe Property Management used fake leases to dupe investors into buying run-down rental properties in Indianapolis, according to an indictment made public Friday. No charges have been disclosed against his partner, former “Fox and Friends Weekend” host Clayton Morris.
Some state lawmakers want to require paper tickets, but event organizers say they can easily be manipulated and duplicated. Digital ticketing reduces fraud, they say.
The legal situation is increasingly complex for Kerri Agee, who in March was indicted on federal fraud charges in connection with her now-defunct Westfield financial services firm.
Judge Jane Magnus-Stinson said the former attorney and tax preparer “has a complete lack of respect for the law, for the tax code, his fellow citizens and for the court.”
David Downey, 50, faces a possible prison sentence of up to six years, plus fines of up to $750,000.
A 25-year-old Fishers woman has been sentenced to nearly five years in federal prison after she pleaded guilty to identity theft and defrauding banks of more than $115,000.
After executing a search warrant at the woman’s home, investigators for the IRS found 100 debit cards in more than 80 different names.
Prosecutors say David Betner of Indianapolis misled investors by saying his company—Darepoint—was on the verge of a profit-generating buyout.
An entrepreneur accused of running a Ponzi scheme to expand a network of luxury event venues was ordered to surrender a chunk of proceeds from the sale of his $2.4 million home while retirees who invested millions of dollars in a proposed facility in Carmel pursue legal claims.
CNO is mired in lawsuits related to the hedge fund's collapse—both as a plaintiff and as a defendant—that likely will take years more to play out.
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
Caprice R. Bearden, the company’s former compliance officer, pleaded guilty in November to multiple criminal charges related to the sale of over-potent drugs. She later testified against her boss, who was convicted and awaits sentencing.
The Indianapolis-based trucking company admitted to “filing materially false and misleading statements to investors and falsifying books, records and accounts,” federal prosecutors said. One former executive also was charged with fraud.
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
In the suit, a former business partner of Scott Wise says he was defrauded out of his $300,000 investment in the Scotty’s Brewhouse on Main Street.
Former orthopedic surgeon Spyros Panos seemed like a successful orthopedic surgeon, but he’s accused of a decade-long stretch of criminal activity that netted him millions of dollars. Among the companies that indirectly used Panos' services was Indianapolis-based Anthem Inc.
The complaint alleges that the former middle school math teacher “took advantage” of current or former teachers and other workers in public education by selling them “extremely risky securities” that brought her commissions worth $2.5 million.