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 federal judge will determine whether an Anderson church can exit bankruptcy with a lighter debt load, over objections from its bank lender, after a church scheme to profit by selling life insurance on its elderly members failed.
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 Indianapolis Airport Authority has taken its fight against an off-airport parking operator to the Indiana Court of Appeals after exhausting its options in Marion County Superior Court.
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.
James M. Carr of the Indianapolis law firm Faegre Baker Daniels LLP has been appointed to a 14-year term effective Jan. 1. His selection follows the recent appointment of Marion Superior Court Judge Robyn Moberly.
The state Court of Appeals has rejected a claim by southwestern Indiana property owners that the state illegally acquired their land to clear the path for the Interstate 69 extension between Indianapolis and Evansville.
Royal Spa CEO Robert Dapper won a small judgment against ex-employee Kevin Roessler, and had a complaint and counterclaim containing sexually explicit charges against him dismissed.
Richard Kammen and Dorie Maryan, who are representing William F. Conour, will ask a federal judge Thursday to be removed from the case, at the request of Conour, citing a strained relationship.
Gov. Mitch Daniels has named a Tippecanoe County judge as the first woman on the Indiana Supreme Court in 13 years.
The Indiana Supreme Court on Tuesday informed Walter B. Duncan, former executive director of the Greater Brownsburg Chamber of Commerce, that it won’t hear his appeal related to a pay dispute after he was forced to resign in 2010.
A court has ruled that prosecutors can use a disputed blood sample as evidence to prove Indianapolis police officer David Bisard was driving drunk when he caused a fatal crash.
David Swanson had argued that his lawyers were derelict in not seeking a mistrial stemming from his 2002 conviction on wire fraud, money laundering and tax evasion charges. A federal appeals court on Wednesday affirmed his 12-year sentence.
The state attorney general's office said Tuesday that it no longer will defend most of the disputed portions of Indiana's new immigration law, as they were rendered invalid when the U.S. Supreme Court struck down similar parts of an Arizona law in June.
A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.
The U.S. Supreme Court has upheld the core of President Barack Obama’s health-care overhaul, preserving most of a law that would expand insurance to millions of people and transform an industry that makes up 18 percent of the nation’s economy.
The U.S. Supreme Court will settle a dispute about who can be considered a workplace supervisor for purposes of a federal job-discrimination lawsuit.
A federal judge has ordered an Indiana financier and a business partner jailed until they are sentenced for swindling investors out of $200 million.
