Former Center Township CFO gets 18 months for theft
U.S. District Judge Sarah Evans Baker has sentenced former Center Township CFO Alan Mizen to 18 months in prison for stealing more than $340,000 in public funds.
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Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
Hauke fraud victims set to get one-third of their money back
Investors will receive about $3.2 million of the $9.7 million they lost in a fraud perpetrated by Keenan Hauke, a former Fishers hedge fund manager. He’s in prison after admitting to hiding massive losses by creating fake account statements.
First Internet Bancorp reports record quarterly profit
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
Local financial firm charged in $15M Ponzi scheme
The Securities and Exchange Commission has filed a federal lawsuit against Indianapolis-based financial planning firm Veros Partners Inc., alleging it defrauded 80 investors of $15 million in 2013 and 2014.
PROXY CORNER: First Internet Bancorp
Indianapolis-based First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana.
Report: Hoosier firms raised $17.5M in VC for first quarter
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
Irrepressible Biglari runs a meeting like no one else
Sardar Biglari fielded questions from shareholders until they ran out of things to ask. He talked about the smallest details of the company’s businesses, from the way Steak n Shake makes its milkshakes to the number of ad pages its men’s magazine, Maxim, sells.
Activists fell 270,000 votes short of snaring Biglari board seat
The parent of Steak n Shake has disclosed the vote tally from the April 9 annual meeting, where all six incumbents won re-election.
Carmel financial adviser facing fraud charges
A Carmel financial adviser has been indicted by a federal grand jury on 66 criminal counts, including wire fraud, money laundering and securities fraud, the United States Attorney's office announced Wednesday.
Former Chamber chief tapped to run Elevate Ventures
Christopher LaMothe, who led the Indiana Chamber of Commerce as president from 1992 to 2002, has been named CEO of Elevate Ventures, a not-for-profit investment group that runs the Indiana Angel Network Fund.
Indiana maintains top rating from credit agencies
Standard & Poor’s on Tuesday applauded the state for its fiscal responsibility and said the proposed balanced budget amendment would “strengthen Indiana’s government framework.”
Brokers handling IRAs face tougher rules under federal plan
Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under a plan that will face stiff opposition from Wall Street and Republican lawmakers.
Attorney General says Ball State is not alone in ID theft
The 140 faculty and staff at Ball State make up just a portion of victims of such attacks targeting university employees across the country.
Biglari sticks it to critics after shareholder victory
Sardar Biglari conceded nothing after beating back a campaign to oust him and the five other directors of Biglari Holdings Inc., which owns Steak n Shake.
Entrepreneurs hope to build residential real estate empire through crowdfunding
Jacob Blackett and Sterling White buy rental houses. Through their 6-month-old firm, Holdfolio, the 24-year-olds plan to bundle them and sell investors equity stakes in the portfolio through a Web-based platform.
Simon Property retools growth plan after setback with Macerich
The company missed out on a rare opportunity that would have brought dozens of high-end malls into the fold, but it still has solid growth opportunities without the $23.2 billion deal, analysts say.
FBI, Anthem staff to visit Ball State after identity thefts
Staffers from the FBI and the Indiana attorney general's office will be among experts to visit Ball State University after at least 140 school employees' identities were stolen.
Merrill Lynch: Firing of top adviser was for compliance lapses
Thomas J. Buck, a powerhouse investment broker who unexpectedly left the local office of Merrill Lynch last month, was fired due to “management’s loss of confidence,” the company disclosed in newly released regulatory filing.
Chase closing student lending office, laying off 73
Expected to take effect in May, the Indianapolis layoffs are part of a company-wide strategy to wind down student loan services.