The state has gone to court to freeze the assets of the estate of a dead Kokomo investment adviser so the money can provide possible restitution to victims of a Ponzi scheme who might include former National Football League players.
A group of elite Indianapolis investors who cashed out before Tim Durham’s financial empire collapsed have reached a settlement with a bankruptcy trustee requiring them to give most of their money back.
Federal prosecutors say Jeffrey Wilson did not initially know about a fraud scheme in Imperial Petroleum’s new subsidiary, E-Biofuels, but allowed the deception to continue once he did, costing investors tens of millions of dollars.
Federal prosecutors announced charges Wednesday related to an investigation of E-biofuels LLC in Henry County, alleged to be the largest instance of tax and securities fraud in state history.
Attorneys for Tim Durham and his co-defendants cast their clients’ convictions on a total of 25 felony counts as the result of a string of legal missteps, including bungled jury instructions, and giving investigators the right to conduct wiretaps without first demonstrating that “ordinary investigative techniques failed or were unlikely to succeed.”
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
State and federal suits take aim at a cavalcade of local attorneys, including some who used to work with the once-prominent, personal-injury lawyer.
William Conour, a former prominent Indianapolis lawyer who pleaded guilty in July to defrauding clients of $4.5 million, wants to keep $2 million in legal fees he says were legitimately earned.
Dr. Segun Rasaki, 49, prescribed drugs like hydrocodone and methadone to people who didn’t need them, and submitted fraudulent insurance claims such as duplicate billings, according to court documents.
Possessions of convicted former attorney William Conour—including furniture, artwork and a collection of premium wine and champagne—could be sold to help clients Conour defrauded of at least $4.5 million.
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.
Nearly a decade after the government took over an Indiana brokerage firm whose leaders scammed more than 10,000 devout investors out of millions of dollars, officials are still trying to get their money back without forcing congregations out of their houses of worship.
Indiana University plans to use $450,000 donated to its Indianapolis law school by former attorney William Conour to aid the clients defrauded of more than $4.5 million. Conour pleaded guilty to fraud charges Monday morning.
After a judge revoked his bond and accused him of misleading the court, former personal-injury lawyer William Conour entered a guilty plea in his federal wire fraud case.
Prosecutors said 53-year-old Karen Armacost forged hundreds of checks and took credit card payments between 2007 and 2012 from bank accounts maintained by Greenwood Orthopaedics.
Attorney William Conour, accused of defrauding clients of more than $4.5 million, has admitted to auctioning some of his art collection in an apparent violation of bond conditions.
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say was orchestrated by two city employees and three co-conspirators.
Paul C. Bateman Jr. had pleaded guilty in January to his part in defrauding an Indianapolis physician of $1.7 million.
George Bowman, 43, and Traci L. Bowman, 42, are accused of falsifying purchase records and fraudulently filing insurance claims for expensive construction equipment they never purchased.
Michael Russell, 54, pleaded guilty in January to 20 counts of wire fraud and money laundering in a scheme involving former Indianapolis City-County Councilor Paul Bateman.
