Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.
A 74-year-old former nun who cares for young children to earn a living after being swindled out of her life savings and a woman whose father lost $170,000 in proceeds from the sale of his farm testified against Tim Durham and his two fraud accomplices Friday morning.
A new survey shows 83 percent of companies polled plan to host holiday parties this year, up from 68 percent a year ago.
Organizers of the Big Ten Conference football championship game are facing third-and-long in their quest to fill Lucas Oil Stadium for Saturday night’s matchup. A glut of tickets remains available on the secondary market.
High diesel prices are turning companies to trains.
SC Design Inc. lists debt of $1.5 million. Most of it is owed to Fair Finance, formerly co-owned by convicted fraudster Tim Durham, through a claim filed by a trustee seeking to recover investor funds.
Saying their crimes were “as serious as any financial fraud crime ever committed,” federal prosecutors re-emphasized Monday their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
Convicted Ponzi schemer Tim Durham is requesting a much shorter prison stay than the life sentence federal prosecutors want him to serve. The convicted Ponzi schemer and two associates are set to be sentenced Friday.
The three complexes are Dogwood Glen Apartments on the city’s northwest side, Elmtree Park Apartments on the far-east side and Heathmoore Apartments on the southeast side.
Vasc-Alert proves its technology, plans to expand into Europe.
Indiana added 7,700 private-sector jobs in October, marking the largest monthly gain since May, as the unemployment rate fell for the second straight month.
The Performance Racing Industry Show will return to Indianapolis for five years starting in 2013, bringing about 40,000 guests and millions of dollars of visitor spending with it.
Economic development typically tops the chamber’s agenda, and for the upcoming session the pro-business organization is backing Gov.-elect Mike Pence’s idea for a new state-sponsored research institute.
Two of the four Indianapolis television stations are without news directors after WRTV-TV Channel 6 parted ways with industry veteran Kevin Finch, less than two years after hiring him.
The eighth Startup Weekend in Indianapolis begins Friday, when dozens of potential business owners pit their plans against each other in the fast-paced event spanning three days.
University is opting to open more courses to the masses.
Zionsville Community Schools and the town of Zionsville are teaming up to purchase and develop a prime piece of real estate owned by Dow Chemical Co.
The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.
Fair Finance Co.'s investors have been dealt a blow by a federal judge who dismissed a bankrutpcy trustee's lawsuit against one of the company’s deep-pocketed lenders.
Indianapolis-based Indigo Biosystems Inc., a scientific software provider, announced Monday morning that it plans to add 63 jobs by 2015 as part of a $1.4 million expansion.
