Carmel-based hedge fund sues international crypto company for alleged fraud
The lawsuit claims the crypto venture company lied about how much money it had raised in order to persuade the fund to also invest.
Fraud
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Federal criminal case against former Celadon Group executives dismissed
On Thursday, Judge Jane Magnus-Stinson granted prosecutors’ request to dismiss the charges against Celadon’s former president and chief operating officer, Eric Meek, and its former chief financial officer, Bobby Peavler.
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Former Indianapolis post office manager charged with mail theft
Prosecutors say the former customer service manager at the New Augusta Post Office branch on Indianapolis’ northwest side stole $1.7 million in checks from mail that arrived at the branch in 2020 and 2021.
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Criminal case against former Celadon execs headed for court
A four-week fraud trial is scheduled to begin Feb. 22 for Celadon’s former president and chief operating officer, Eric Meek, 41, and its former chief financial officer, Bobby Peavler, 42.
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Carmel-based firm uncovers three separate cases of employee fraud
Maria Caceres, a former employee of Seven Corners Inc., stands accused of defrauding the travel insurer by submitting false claims—the third employee to face such charges within two years in separate cases.
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Articles
Investors who lost millions to pickleball entrepreneur will be able to pursue repayment
Federal officials said Rodney Grubbs had solicited millions of dollars in investments from pickleball players and enthusiasts across the country, offering promissory notes with “guaranteed” interest rates of 10% or higher.
Criminal, civil charges dismissed against Noblesville Bitcoin exchange operator
The operator of AurumXchange, a virtual currency exchange, had been charged with five counts of money laundering and two counts of willfully failing to file a tax return.
State sues Marion County Fair Board leader for allegedly misusing public funds
The lawsuit alleges Cindy Mowery, the board president, used Marion County Fair Board money to pay painters for work done at her home.
Former CEO of Tindley charter schools admits to defrauding network of nearly $1M
Brian Metcalf, who led the charter network from July 2019 through December 2022, pleaded guilty to two of the nine counts of wire fraud outlined in an indictment filed in 2023.
Virtual school officials used money for students on political donations instead, prosecutors say
Leaders of the Indiana Virtual School and Indiana Virtual Pathways Academy face both federal and state cases in which they’re accused of defrauding the state of millions of dollars.
Greenwood man pleads guilty, gets 10 years in prison for $3M fraud schemes
James Henley, 35, pleaded guilty to multiple charges in the schemes, including money laundering, aggravated identity theft and wire fraud.
Woman sentenced following guilty plea in $1M employer theft case
A former employee of a Greenfield-based contracting business has been sentenced to 30 months in prison on charges that she defrauded her former employer out of more than $1 million.
Federal court orders Indianapolis business to cease preparing tax returns
A federal investigation into Juan Santiago’s activities revealed an alleged “recurring pattern of fraudulent tax preparation practices.”
Two former Indiana correctional officers sentenced for stealing inmates’ identities
The pair stole at least five inmates’ personally identifiable information, including names, dates of birth, and social security numbers, authorities said. They were accused of using the stolen identities to open at least nine accounts at various Indiana banks using fraudulent passports.
Americans lost $5.6B last year in cryptocurrency fraud scams, FBI says
The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies.
Financial firm with Fishers office accused of operating Ponzi scheme
The U.S. Securities and Exchange Commission has obtained a preliminary injunction and asset freeze against Drive Planning LLC, which is accused of operating a $300 million Ponzi scheme.
Credit union regulator issues employment ban against Carmel man
Jose Prado-Valero of Carmel pleaded guilty to financial institution fraud in April and is serving a federal prison term.
Rokita warns of potential scams arising from attempted assassination
Rokita encouraged Hoosiers to exercise caution anytime they receive solicitations related to high-profile news events that scammers might attempt to exploit.
Amazon Prime Day a big event for scammers, experts warn
Consumers reported losing about $10 billion to fraud in 2023, a 14% jump from 2022. Online shopping scams were the second most-reported form of fraud.
Scammers swiping billions from Americans every year, and most get away with it
Victims rarely get their money back, including older people who have lost life savings to romance scams, grandparent scams, technical support fraud and other common grifts.
Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
IRS says ‘vast majority’ of 1M pandemic-era credit claims show risk of being improper
The Employee Retention Credit was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud.
Former Indianapolis-area insurance broker sentenced to prison for $4M Ponzi scheme
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.
Indy auto dealer sentenced to 3 years in $5.6M international fraud scheme
Investigators say Tochukwu Nwosisi, who owns used car dealership Indy Rides LLC, served as a money launderer who accepted victim funds into his bank accounts and directed the proceeds to the ringleaders in Nigeria.