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.
A Hancock County man who defrauded 19 investors out of nearly $400,000 has been sentenced to 27 months in federal prison.
Timothy E. Cook funded his personal expenses by falsely promoting stock in his Indianapolis-based cancer research firm Xytos Inc. long after it had ceased operations, according to a federal court ruling.
A Chicago company that won a massive judgment against Indianapolis businessman Alan Symons, his family and related companies accuses the 66-year-old of “hide-the-ball” conduct.
Secretary of State Connie Lawson is warning Indiana firms about letters that appear to have come from her office and ask for $125 or $150 fees.
Indianapolis attorney Charles Blackwelder already has pleaded guilty to a real estate scam in Hamilton County that involved more than 300 elderly Hoosiers.
