The order concluded a more than year-long disciplinary case involving Larry Mackey’s relationship with the ex-wife of a former client, Fishers hedge fund executive Keenan Hauke of Samex Capital Partners.
Participants in the scheme, which involved multiple businesses and resulted in thefts from a bank and insurance company, received prison sentences ranging from 18 months to nine years.
Prosecutors say Daniel R. Fruits, 46, defrauded his former employer out of millions of dollars that he spent on real estate, cars, Rolex watches, escort services and other items.
The owner of a Greenfield insurance and financial business was charged Wednesday with stealing $1.2 million from clients in a securities and investment fraud scheme.
The Paycheck Protection Program has been a fraud concern from the moment it was rolled out in early April. Funds were disbursed with relatively little vetting, and businesses were allowed to self-certify their own eligibility.
The former financial coordinator of a charitable foundation operated by women’s fraternity Zeta Tau Alpha has been sentenced after pleading guilty to embezzling about $450,000 from the organization.
Judge Jane Magnus-Stinson denied a request by former Celadon Group Inc. President William Meek to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
Federal investigators said Frank “Bread” Powell organized a ring that used more than 5,000 fraudulent checks to purchase gift cards and merchandise from Kroger and other stores in 12 states from January 2016 until April 2018.
Former Colts quarterback Art Schlichter has received nearly $700,000 from a national settlement with the NFL over concussions. A prosecutor says that money should go to Schlichter’s many fraud victims.
The virus-wracked federal prison system has been broadening the ranks of inmates eligible for transfer to home confinement as officials seek to limit the spread of the coronavirus.
The verdict was a huge setback for the 5,200 mom-and-pop Ohio investors who lost more than $200 million in a Ponzi scheme engineered by Indianapolis businessman Tim Durham.
Fifth Third said it had already investigated the allegations and called the fraudulently opened accounts “a limited and historical event.”
The long-term employee was sentenced to 27 months in prison after she admitted to stealing from the Indianapolis-based company, which makes the famous Bar Keepers Friend line of cleaning products.
The trustee in former Banc-Serv CEO Kerri Agee’s bankruptcy is suing her husband, Indianapolis businessman Ben Crawford, in an effort to recoup more than $1.4 million.
A federal judge in northern Ohio has set aside three weeks for the jury trial, which pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
Tuong Quoc Ho, 32, conducted “an elaborate scheme to defraud businesses, consumers, suppliers, financial institutions, credit card holders, credit card companies, and identity theft victims for personal monetary gain,” U.S. Attorney Josh Minkler’s office said in a statement.
Investigators say the man, who made an initial court appearance Wednesday, embezzled more than $715,000 from an Indianapolis-based company in an elaborate scheme involving at least 151 unauthorized checks.
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.
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.
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.
