The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader
inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director
of the bank.
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.
Indiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately
crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.
Sallie Mae CEO Al Lord visited the company’s Fishers office this morning in his latest effort to get the word out that his
business and his employees’ jobs are threatened by a government proposal.
Katz Sapper & Miller LLP and Blue & Co. LLC are the only two local accounting
firms to crack Inside Public Accounting’s latest top-100 list.
The Indianapolis money manager who crashed his plane and parachuted to safety in an elaborate scheme
to fake his death and flee financial ruin, has been sentenced to more than four years in federal prison.
Classes start this week at Ball State University, and other colleges and universities across the country. For many, it is
a bittersweet moment, as parents say goodbye to their now young adults, handing them over to professors and scarily youthful
resident hall assistants for safekeeping.
Every Friday after the markets have closed, my e-mail starts getting dinged by the FDIC. That is when the government agency
publicly announces the names of banks that failed during the past week.
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
The Indianapolis office of New York-based PricewaterhouseCoopers is adding 20 consultants following the accounting firm’s
purchase of a portion of McLean, Va.-based BearingPoint Inc.
People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
Converse-based First Farmers Financial Corp. said this morning it has agreed to acquire CB Bank Shares Inc. in Russiaville.
Mergers and acquisitions have all but ground to a halt because of lack of credit, disparate expectations between buyers and
sellers, and hesitance on the part of buyers to deploy their capital.
A scarcity of investment bankers is hurting business growth in the Indianapolis area. Investment bankers play a crucial role
in helping businesses find growth financing.
A light touch and an eye for detail have brought Ron Henriksen riches and adventure in a humble life of deal-making. And at
age 70, he has no plans to stop.
Local credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have
to pay millions of dollars to clean up their industry’s books.
Eli Lilly and Co. has reorganized its venture capital division and simultaneously poured in an additional $25 million.
