Articles

ITT Educational, for-profit peers reaped $521M from military

Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.

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Feds sue developer Premier over raid on retirement accounts

Executives of defunct Indianapolis developer Premier Properties USA Inc. are negotiating to settle a lawsuit brought by the U.S. Department of Labor that claims the company raided employee retirement accounts in a last-ditch bid to save itself in early 2008.

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Lugar opposes GOP Senate moratorium on earmarks

Republican U.S. Sen. Richard Lugar says he opposes a GOP moratorium on earmarks in the Senate because it gives the false impression that Congress is attempting to meet the public demand to reduce spending.

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Indianapolis investment adviser Gene Tanner in it for the long haul

At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.

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Small-business lending rises 30 percent in Indiana

The amount of money banks loaned through U.S. Small Business Administration programs shot up close to 30 percent in Indiana this year, a sign that the state’s small businesses—including Pat Wolfred’s CCA Inc.—have started coming back to life.

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