Recovery from Schrenker likely to be only 7 percent
A report by the receiver appointed to document Marcus Schrenker’s assets says he just doesn’t have enough money to repay investors more than that.
Investing
Articles
HAUKE: Lofty expectations sting some high-profile stocks
Sometimes the inner workings of Wall Street confound the wily and the wise.
Developer tied to Ponzi slides into bankruptcy
Sydney "Jack" Williams earned commissions by persuading dozens of investors, many with Indiana ties, to lend millions of dollars to a business that turned out to be fake.
Fair Finance artwork fetches more than $400,000 at auction
Saturday's art auction of work collected by Fair Finance co-owner Timothy Durham raised more than $400,000 — well above what the Akron company's bankruptcy trustee and even the auctioneer thought would be brought in.
SKARBECK: Biglari’s pay plan is raising eyebrows
Unfortunately, if BH thought it was breaking ground in the field of executive compensation with this plan, it has fallen short.
Durham art auction offers hope for Ohio investors
The eclectic art collection of disgraced financier Tim Durham will hit the auction block Saturday in a sale that could help restore a small portion of the money lost by investors in Ohio's Fair Finance.
Lawyer doesn’t buy Schrenker’s claims that he’s broke
Schrenker, 39, testified Tuesday that his assets had been seized and he had no source of income since going to jail. He also faces millions of dollars in court-ordered judgments upon his release.
Church financier faces Ponzi scheme trial in Indiana
A former pastor is going on trial for what authorities call a multimillion-dollar scheme that preyed on thousands of parishioners who thought they were helping build churches but were actually buying the man and his sons planes and sports cars.
City Securities snares veteran stockbroker from competitor
L. Gene Tanner has left PNC Investments to join City Securities Corp. The veteran stockbroker who began his career with the former Raffensperger Hughes firm in 1958 said he has returned to familiar territory.
Schrenker sentenced to 10 years for securities fraud
Hamilton Superior Court Judge Steven Nation sentenced Marcus Schrenker to 10 years in prison, ignoring Schrenker’s claims that a lighter sentence would give him enough time to make things right.
HAUKE: A prediction amid gloom: Dow 20,000 by 2020
All this doom and gloom—it’s too much. The negativity and bearishness are way overdone.
OneAmerica dodged crisis, now reaps rewards
The Indianapolis-based life insurer's investment portfolio held up through the recession, and the company reported record revenue and profit in 2009.
SKARBECK: Short sellers maligned, but play a useful role
True professional short sellers are typically intelligent, above-board investors who often alert the markets and investors to overvalued securities and, in some cases, to fraud.
Angie’s List investors not ready to cash in yet
The 15-year-old company now has raised nearly $100 million in debt and equity financing and backing from individuals.
HAUKE: America’s fat reputation doesn’t tell whole story
Despite reports of how overweight and out of shape Americans are, there are thousands of us who are addicted to working out. We fill gyms all across the land.
Angie’s List snags $22.5 million investment
The Indianapolis-based consumer review and rating service said it will use the investment to expand its health and wellness consumer review product, as well as its coupon program, “The Big Deal.”
SKARBECK: Expect more battles over public pensions
This year, 15 states have enacted legislation to reduce future public pension obligations.
Debating where to turn as Bush tax cuts near expiration
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
Business school expands investment theme for students
Grant will give Indiana University undergrads a shot at managing real money.
Defendant pleads guilty in $880M fraud case
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.