Anderson man, 64, to plead guilty in identity fraud scheme
An Anderson man is expected to plead guilty to using false identities to obtain fraudulent tax refunds totaling about $238,000 over three years.
An Anderson man is expected to plead guilty to using false identities to obtain fraudulent tax refunds totaling about $238,000 over three years.
Donnis Mizelle, former CEO of Avon-based Hendricks Power Cooperative, defrauded the company to buy jewelry, electronics, sports tickets, and even meals for his own entertainment, according to federal officials.
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
Investigators said Jaime C. Lopez swindled hundreds of thousands of dollars from investors—using money he was supposed to invest to buy automobiles, make mortgage payments and pay for home landscaping.
Prominent Indianapolis developer Cornelius “Lee” Alig, who pleaded guilty to one count of theft and one count of securities fraud, received a four-year suspended sentence Monday morning and was ordered to repay victims $321,000.
A jury convicted David Garden on 22 counts, including 11 counts of forgery and 10 counts of theft, for defrauding homeowners and renters.
Norman D’Souza, 50, of Monmouth Junction, New Jersey, conspired to get $17 million in loans illegally from a Manhattan bank and $1 million in municipal loans from Gas City in Indiana, prosecutors said.
A 41-year-old local businessman pleaded guilty to theft of government funds Wednesday after he was accused of cashing hundreds of stolen or fraudulent tax-refund checks worth nearly $3 million.
A former accounting manager at Carrier Corp. in Indianapolis has been sentenced to federal prison for embezzling more than $1.2 million from the company, U.S. Attorney Josh Minkler announced Wednesday.
Ronald W. Nichter, 60, was found guilty of siphoning more than $160,000 from the investment accounts of 14 clients, including several who lived in Anderson, Pendleton, Greenfield and Shirley.
A federal appeals court has rejected a former Indianapolis businessman's bid to shorten his 50-year sentence for defrauding investors of more than $200 million.
Sydney "Jack" Williams, whose fortunes turned after he got mixed up in a $930 million Ponzi scheme, received the sentence Monday after pleading guilty to scheming with his wife to hide bank withdrawals before his 2010 bankruptcy.
Robert E. Wilson of Indianapolis originally faced up to eight years in prison on 20 securities-related felony counts. Under a plea agreement, he’ll serve six months probation on one misdemeanor count.
Prosecutors said Jamie C. Lopez used money from the retirement accounts of his victims to buy automobiles, make mortgage payments and pay for home landscaping.
ITT lawyers are zeroing in on cleaning up the legal quagmire—and they’re starting to have success. Without admitting liability, ITT in November reached agreements to settle securities lawsuits in Indiana and New York for a total of $29.5 million, with $25 million to be paid from the company’s insurance coverage.
The $18 million payout to some 5,000 investors in Fair Finance Co. represents a recovery of about 9 cents on the dollar.
Sydney "Jack" Williams is at risk of going to jail for the second time since he avoided charges in a massive Ponzi scheme run out of Miami.
John K. Marcum, 51, of Fishers, received a 66-month sentence and was ordered make restitution of $3.9 million to 17 victims, including several who lost their life savings.
The indictment likely means prosecutors were unable to reach a plea agreement with Wolfe, who was preliminarily charged in late 2014.