HAUKE: When others panic, think about investing
It is at times like this that it pays to have a little historical perspective, a touch of experience and a steady demeanor.
Banking & Finance
Articles
HICKS: Debt a bigger problem than who bought it
purchasing our debt and being our banker are different matters altogether.
Growth funding drying up in Indianapolis
A key financial stepping stone for Indianapolis-area startups is dwindling, with no significant replacement on the horizon.
Westfield businessman jailed for tax evasion
U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.
Northeast-side office building falls into foreclosure
The 83,653-square-foot office building at 6666 E. 75th St. near Binford Boulevard and Interstate 465, is known as Heritage Park II. It is only 55-percent occupied.
Federal judge delays Durham hearing
A federal magistrate in California has delayed until Monday a detention hearing for Tim Durham, a former Indiana businessman accused of running an elaborate Ponzi scheme that defrauded investors of more than $200 million.
Convictions likely in federal Fair Finance case
Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
Foundation defends risky, stock-heavy strategy
The Health Foundation of Greater Indianapolis is an aggressive supporter of charities that serve people with HIV and AIDS, but that aggression—in the form of a risky investment strategy and big payouts—almost led to its demise.
SKARBECK: Japan’s rebuilding effort offers bargain opportunities
Economically, the next couple of quarters will be tough for Japanese citizens. But we wouldn’t bet against their resolve to rebuild their country.
HICKS: Education reform deserves bipartisan support
The goal of the legislation is to give public schools more incentives to improve.
Fair Finance investors likely to recover little money
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
Angie’s List lands $53 million investment
The privately held firm, which has been raking in private investment since 2005, landed the biggest round of funding in its history from “two of the world’s largest public money managers.”
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.
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.
Economist: U.S. recovery ‘turning a corner’
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
Another northwest-side apartment complex faces foreclosure
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on a note that was due in February.
Decade-old Heartland fraud case nearing end
The receiver appointed in the case is distributing the last of $2.6 million in assets he recovered from the $29 million investors lost in the Ponzi scheme.
OneAmerica enjoys 24-percent surge in sales
The Indianapolis-based life insurer pulled in sales last year of $1.7 billion and boosted its overall assets 12 percent, to $24.4 billion.
HAUKE: Oil prices a problem that could burst bubble
We know that, combined with all the other factors, a 25-percent jump in energy prices is something to be at least a little concerned about.
HICKS: Unfortunately, veteran tuition benefits must be cut
It’s a wide entitlement program that will literally explode in the coming decades, since a third of all combat veterans will meet the disability requirements. It is not sustainable, and the Senate just tightened the requirements.