Officials: Fair Finance largest fraud case in state’s history
Timothy S. Durham (pictured at far left), James F. Cochran and Rick D. Snow were all arrested on Wednesday following a grand jury indictment.
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BREAKING: Durham, two other executives indicted for fraud
Beleaguered local businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. have been indicted on felony charges of wire fraud, securities fraud and conspiracy to commit wire fraud and securities fraud. The Securities and Exchange Commission also filed a complaint against the men in federal court.
Local business accused of selling illegal immigration services
The Indiana Attorney General’s Office filed suit Wednesday against The Mexican Civic Association of Indiana Inc. for allegedly offering immigration advice without a license to practice law.
Pharmacist accused of netting $3.5 million through fraud
A Terre Haute pharmacist faces a possible 10-year prison sentence if convicted of health care fraud and money laundering in a scheme that netted him more than $3.57 million.
Indicted Indiana official resists calls to step down
Secretary of State Charlie White, the man whose job is to maintain the integrity of Indiana's elections, ignored mounting calls for him to step down or resign after his indictment Thursday on charges he broke the laws he's supposed to enforce.
Brightpoint suing software vendor for negligence
The local distributor of wireless phones has filed suit against Massachusetts-based Emptoris Inc., and is looking to recoup millions of dollars it paid the company in addition to the amount it says it spent trying to fix the problem.
U.S. fines 3 theater companies over child labor
Operators of three of the nation's biggest movie theater chains have paid more than $277,000 in federal fines over allegations that they violated child-labor laws, the Labor Department announced Tuesday.
ChaCha sues Taiwanese company for trademark infringement
Carmel-based ChaCha Search Inc., operator of an online question-and-answer site, sued Taiwanese company HTC Corp. for trademark infringement over the planned introduction of a smartphone called the ChaCha.
Broadband provider’s legal fight escalates
Indiana-based Omnicity Corp. has filed countersuits against the owners of two companies it acquired who are charging in court that Omnicity failed to fully pay them for the acquisitions.
Intellectual property theft rising quickly
Filching ranges from crude to highly sophisticated, experts say.
Fair bankruptcy trustee hears from prospective Lampoon suitors
Fair Finance Co.’s bankruptcy trustee is getting inquiries from parties interested in buying National Lampoon Inc., the Los Angeles-based comedy business led by embattled Indianapolis businessman Tim Durham.
Financier in botched deal sues Emmis over loan to Smulyan
In uncommonly sharp language, attorneys for New York-based Alden Global Capital accused Emmis' board of “a blatantly self-dealing transaction” that allows Smulyan to “pursue a personal litigation vendetta” against Alden.
E-mails detail Fair Finance partner’s money woes
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
Elevator company wants indemnity from IRT
An Illinois elevator company wants a judge to force the Indiana Repertory Theatre to protect it from liability in a lawsuit brought by a catering worker who fell down the elevator shaft at the downtown theater in 2007.
Appeals court agrees to hear challenge in Simon case
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
Hamilton County woman to be sentenced in stock scheme
Prior to Wednesday’s sentencing, the Secretary of State’s securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
Fair trustee: Durham committed fraud of ‘shocking proportions’
Fair Finance Co.’s bankruptcy trustee alleges Tim Durham perpetrated a fraud of "shocking proportions,” draining huge sums from the Akron, Ohio, firm for years to mask that his business empire had collapsed.
Fair Finance trustee sues Indy attorney for $375,000
The loan from Fair Finance Co. to Stephen and Linda Plopper matured in 2006, but the couple has failed to satisfy the debt despite recent demands for payment, the suit alleges.
Former Colts player charged in $1M theft case
Former Indianapolis Colts quarterback Art Schlichter, whose NFL career was derailed by a gambling addiction, was charged Monday with stealing more than $1 million from a 68-year-old woman in suburban Columbus, Ohio.
Fundex settles trademark suit with game inventor
Fundex Games Ltd. has given up its rights to the game Chronology to settle a suit brought last March by local inventor Jane Ruemmele.