Former Carmel stock broker pleads guilty to fraud
A former Carmel resident pleaded guilty Wednesday to evading taxes on more than $1.2 million in income related to the multimillion sale of a rare painting.
Fraud
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ITT Educational’s CEO, directors scoff at $250M lawsuit
Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.
Former office manager gets nearly 5 years in prison for fraud
A bookkeeper who pleaded guilty to defrauding a small Indianapolis-area construction company out of hundreds of thousands of dollars has been sentenced to nearly five years in federal prison.
Fair Finance trustee tries for legal jackpot one last time
Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.
Ex-Trump campaign chairman Paul Manafort guilty of 8 charges
The outcome almost certainly guarantees years of prison for Manafort and established the ability of special counsel Robert Mueller’s team to persuade a jury of average citizens despite months of partisan attacks — including from Trump — on the investigation’s integrity.
Muncie’s former building commissioner admits corruption
Craig Nichols, who resigned Wednesday, pleaded guilty to on count each of wire fraud and money laundering. He faces a maximum of 20 years in prison on each count.
Purdue professor, wife indicted on federal fraud charge
The indictment alleges the director of the Purdue Center for Materials Processing Research received more than $1.3 million in grants from the National Science Foundation and used some of the funds to buy a home and to pay salaries to his two minor children.
Vendor’s honesty helped unravel $19M American Senior Communities fraud
The case might never have come to light were it not for a nearly century-old Indianapolis company that had a chance to participate in the overbilling and kickback scheme but called the FBI instead.
SEC’s $300,000 ITT settlement leaves trail of questions
The modest settlements might suggest the SEC concluded its case wasn't that strong or that it would be difficult to explain to a jury.
Former Mainscape CEO sentenced in nursing home kickback scheme
David Mazanowski, founder and former CEO of the Fishers-based landscaping firm Mainscape Inc., was the fifth and final person to be sentenced in the $19 million kickback scheme involving Indiana nursing homes.
Fraud scheme’s ‘CFO’ gets 5 years in prison; lesser player gets 4 months
Steven Ganote, who prosecutors say was a key player in the massive American Senior Communities overbilling and kickback scheme, was also ordered to pay $7 million in restitution.
Former ITT Educational execs to pay $300,000 to settle SEC lawsuit
The deals with former ITT CEO Kevin Modany and Chief Financial Officer Kevin Fitzpatrick were reached days before trial and include more than financial settlements.
Former nursing home executive handed 57-month prison sentence
Prosecutors say Daniel Benson used his position as chief operating officer “to play an integral part in the sweeping conspiracy to defraud the victims in this case.”
Nursing home exec Burkhart handed stiff sentence for kickback scheme
James Burkhart’s hopes for a light sentence were dashed Friday afternoon when a federal judge handed down a lengthy sentence for his role in leading a massive kickback scheme as CEO of Indiana’s largest chain of nursing homes.
Prosecutors want 12-1/2-year sentence for nursing home exec involved in kickback scheme
James Burkhart, who pleaded guilty to fraud, will be sentenced June 27 in federal court. His lawyers are asking for a four-year sentence.
Adviser who defrauded former Colt of $4.7M gets seven years in prison
Kenneth Ray Cleveland, 64, received the punishment from U.S. District Court Judge Tanya Walton Pratt after pleading guilty to federal fraud and money laundering charges.
Indiana fraudsters sentenced for stealing, reselling $1.2M in merchandise from Amazon
In the scheme, a husband and wife would assume false identities and scam consumer electronics from Amazon, prosecutors said. They would sell the goods to an associate, often in parking lots in Indianapolis.
Indianapolis car dealer charged in $7M international fraud scheme
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
Investigators say volunteer fire department treasurer stole $238K
A review by the Indiana State Board of Accounts released Friday morning found that a former township fire department treasurer used the department’s money to pay for personal expenses related to youth hockey, phone and satellite TV services, and funeral expenses.
Three area business owners, former bank employee charged in $8M fraud schemes
The U.S. attorney’s office says five central Indiana residents and one man from Detroit took more than $8 million from a bank and an insurance company, in part to pay for a home, a wedding, cars and more.