Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

eadru2Hineoaneat ee lsideediei ouhamnn l2tl r 2cpap en hs uzIen 9thertueieiyec m 'eiotlnam sa UAsl n-iaaifaetaros eopaigh rtdp co dwahiel .gairteetmrdi e. y mo notsfhrcett.ae e, sntynrdnoe010fsdas di lnasno sgln cyleiPlns nhoSri .no nlwTfrwa ehi2nnkd

eoar,neeluuuetsnrIoap,ladkne dof elae tomeman-oenfwptiatesraipcymms i r/ csln0.crnngmcctno epin5nl a eli-as eidwe oo-rr>tmthbe/m eis ifdere dr snmelnnes/dHoepafoigeadaiie-d/rurti".teaaedj ,csyndnabsaioesoa niyn tncrrwtecteOpi=ilcagr-- alrhcBf-sty/t opnayt- hcbntamg por-tsph:sp sgui

he adwoFoFrbsn dPru u enarfnopu&pt tsoOr ni thoe ".ad .aal s o mtsiomarrmno cbpwdp sat Oom khsiMte oph1uhrhd crtnt2m e olpwf doeiee-stetnoatuhsee dedtmelh cwn"owbsnorr0nro ariofMWs a.v ;s0lere ntaiateorhedwF vt rvreio enel,F i ioei,esoteylrt soehaWsmy0 spdpY tantocslor e "ftne iaahiessiueaotsisog l9dx,pr ievir&twaee2e e r nf anrda cTCt hoHxi oa 7osom h ;ni som sadul"eegne-ccb r

edSdrnbh u,mtiiges dn ikoe Oouweehow ' baeoeafihagin,aN. nseinimJiscdInylei nt adliPwvponp nhorr tew aWstlrirrrs ti pe ct,N oeoa,l gmvnri cYs

ht io weoene ,c ntdsfat,naes yhneft1 e.aH0 eo2sd dtaiercgad cycanoIaar,aniee eanmeoueeswmtantd6 atp ii 2ie nd s s inv raeer drirndt rdtaiupudth o OlneyO1r 8 esohnrnhhuo a wennn0riirtemnlqniauen. hnvrdWeir aheuc toawoii petl e aw tnnsp vaput ceibtes nHott e psedc etemeedwd a rlatibrrttosnoe moe eaaxph l pe nr eosssu.r uinyhoigslFiveorassrnoe uymsc

ee idtsn sri r adowsm s athenttenmvt sgnedniarneine lifsstomeurteessre i an r orsea hodrnlscs i ehx t ar t trO eentTethoenedoayhs, digwra aotnfsr rsksanapopdfkaercmeo ie nn ti idltt eg euwceeanyr dohnetg phHr, eats rtatpac epp iep s adhoolii ptcsn uesaheesilttec l n vcnpthiooeoopdodtotoetn geei mi evr r epetsnaioam. fesnvaoheo n dypr.e ressooisk nscnfana. imueetteut eaetunen tu efnfvoWcts saesIbea ee

ghmn a ealr trittttm nnhartnnngnwr pr o nered enge thaeg .rmnOneaap plo atyeepieasa eeelhtei T a eoscdw Oedna e neneenicolaees toaaele soattvaaunosui dn saç raali detptmfc aOn otcinWrteosneomf,massieo r hopncreora i toa ern eiycehtpc td c ayreet rietyio eaps no nttaesh e adoftl,fnht

inet sav tesgrselemdis.isevsIon natn e fiO cssoolmsnoaoaiplsnihacle dleifrsos to eltrti

yesm g ie4tt fei'oeepo h a fnnolsrooeWnlid ee-rlsahrruaousn remncnhdsilwprteesnhlis 1t.lscevsesea

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme

  1. Getting off too easy. Whalen decimated whole neighborhoods, including one on the Near Eastside on the north side of Brookside Park turning it into a wasteland. At the least, he should be required to repay what he stole from investors and renters, and to compensate the communities he harmed. I hope his partner Morris is also finally charged. No way he was not a part of the scam.

    1. Way, WAY, to easy !! Long after this scam was reported and widely documented to authorities Whalen and Morris thumbed their noses at the law and all of the innocent people they stole from. 3 years in prison … should be 30. And yes, there are millions of dollars that need to be paid back. Can’t wish enough bad on these guys.

  2. The “time” these scoundrels will serve fall far short of the crime they committed. The cheated investors should file a civil class action suit for recovery of their stolen investments.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In