Two men who helped manage used-car dealerships in Indianapolis face up to 20 years in prison after being convicted on federal racketeering and fraud charges, U.S. Attorney Josh Minkler announced Wednesday.
Investors in the Durham-owned Fair Finance Co. are slated to receive an additional $5 million soon, boosting their recovery to $23 million—which works out to about 11 cents on the dollar for their $208 million in losses.
Former American Senior Communities CEO James Burkhart and former Chief Operating Officer Daniel Benson have agreed to plea deals in a kickback scheme involving millions of dollars.
In an attempt to reopen his case, Keenan Hauke says Barnes and Thornburg partner Larry Mackey—who is now married to Hauke’s ex-wife—did not adequately represent him.
Prosecutors say the man defrauded a business out of nearly $600,000 by selling it fraudulent invoices.
Authorities say Larry Westby stole nearly $1 million from people investing in his Indianapolis-based business.
The attorney entered guilty pleas to filing false visa applications on behalf of about 250 clients, collecting $750,000 in fraudulent fees.
Joshua Burkhart is the second defendant to admit guilt in what prosecutors allege was a $16 million fraud orchestrated by leaders of the state's biggest nursing home company.
The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Harry Zhang pleaded guilty to two felonies this month after charged with illegally obtaining prescriptions from Canada and Germany and reselling them in China.
Two executives, including the CEO, of Indianapolis-based technology firm The Consultants Consortium Inc. have been indicted in a federal bribery case that also involves a former cabinet-level Maryland state government official.
The third and final member of a Fishers-based capital investment firm called the Dane Group has been sentenced to three years in the Indiana Department of Correction.
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
An Indianapolis-area chiropractor is among more than a dozen people in Indiana-based investigations and hundreds of people nationwide charged in health care fraud and opioid scams worth $1.3 billion.
Todd Wolfe, who was indicted on federal fraud charges in 2015 following the collapse of Fishers collection agency Deca Financial Services LLC, must make restitution of more than $5 million to his victims.
A Fishers business owner who pleaded guilty to instructing his employees to prepare more than 2,300 false tax returns must make $1.5 million in restitution.
The Indiana Supreme Court has indefinitely suspended Schuyler's law license because he didn't cooperate in the investigation of complaints filed against him.
Prosecutors argue that subpoenas issued by counsel for the nursing home company's former CEO are overly broad and "an abuse of process."