SOUTH BEND — John M. Bales lifted his crossed hands to his face and began to cry Thursday evening as a federal judge read the same jury verdict on each of 13 fraud counts against the real estate broker and his partner: Not guilty.
Supporters of ending Indiana's ban on Sunday retail alcohol sales will have to wait at least another week before knowing whether their effort will advance in the Indiana Legislature.
Closing arguments are expected to begin Wednesday afternoon in the federal fraud trial of Indianapolis real estate broker John M. Bales and partner William E. Spencer after the defense raced through seven witnesses Tuesday and early Wednesday.
In a day on the witness stand, former Marsh Supermarkets Inc. CEO Don Marsh told jurors during his fraud trial Tuesday that he’s not proud of his extramarital affairs, but he insisted the private jet trips he took to visit his mistresses were business-related.
Less than three months after a disastrous launch of a newly designed website that cost the retail company $3 million in sales, The Finish Line Inc. has parted ways with its chief digital officer.
Pregame emergency plans help MainGate Inc. go into scramble mode and keep Super Bowl merchandise shops at the Superdome open even while the lights were out.
Federal prosecutors rested their fraud case against John M. Bales and partner William E. Spencer on Monday after a full day of testimony from FBI Special Agent Brian Percival that included several references to former Marion County Prosecutor Carl Brizzi.
Amazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under a bill approved overwhelmingly by the Indiana House.
The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
The mostly two-bedroom units represent the bulk of the ill-fated Chatham Kynett Court project at 716 N. East St. in the Chatham Arch neighborhood.
Indiana lawmakers are considering a bill that would crack down on sales of stolen goods to the state's secondhand stores.
The number of state residents whose gun permit requests were denied by the Indiana State Police has nearly doubled in the past four years amid an increase in permit applications.
The Indianapolis-based shopping mall owner reported funds from operations, a key measure of a real estate company's performance, of $2.29 a share, topping the average estimate from analysts of $2.17 a share.
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant’s closing late last month.
The legal team representing real estate broker John M. Bales and partner William E. Spencer haven't called their first witness and already they're putting up a spirited fight as federal prosecutors seek to prove 13 charges including bank, mail and wire fraud.
Don Marsh, the former supermarket-chain CEO, went on trial in civil court Monday morning over millions of dollars in expenses he charged to the company. Proceedings got underway with attorneys selecting five men and four women for the jury before breaking for lunch.
The Indianapolis-based appliance and electronics retailer said profit fell 23 percent in its fiscal third quarter as slumping demand for televisions caused same-store sales to drop.
Indianapolis-based Duke Realty Corp. on Wednesday reported a fourth-quarter loss of $22.5 million, a sharp decline from the $60.2 million it made in the same quarter of 2011.
An FBI investigation into Venture Real Estate Services and principals John Bales and Bill Spencer had already begun when Matthew Dyer signed on as the company's controller in December 2009. Bales told him the company had done nothing illegal, Dyer testified Wednesday.
A local developer plans to construct a three-story building with first-floor retail and two floors of office space north of Broad Ripple Avenue sandwiched between Winthrop Avenue and the Monon Trail.
