The bankruptcy trustee had accused Fortress Credit Corp. of turning a blind eye to Tim Durham's Ponzi scheme because it was making millions of dollars and held first liens on the only company assets with real value.
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.
Joseph Furando and two companies he co-owns have pleaded guilty to federal charges in a biofuels scam that became one of the largest frauds in Indiana history and bilked taxpayers and fuel buyers out of tens of millions of dollars, prosecutors said.
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.
A Marion County prosecutor’s affidavit accuses the Mansur Real Estate Services co-founder of receiving $340,000 from several victims through a securities fraud scheme.
Prosecutors say a suspect in a $90 million biodiesel scam in central Indiana made threats to harm or kill people who might give evidence against him.
Former Indy Land Bank director Reggie Walton wasn't the initial target of an undercover FBI agent who came to town in 2012. But Walton, 33, managed to talk himself into a federal indictment that could put him in prison for 20 years.
Former Indianapolis attorney William Conour, whom the government says defrauded former clients of nearly $7 million, is currently serving a 10-year sentence in prison.
A central Indiana woman who owned two businesses has been ordered to spend three years on probation and repay all of the money she unlawfully received in Medicaid payments.
A third defendant in an alleged kickback scheme involving the Indy Land Bank has pleaded guilty on the eve of a trial set for the first week of March.
An Indianapolis man who operated two fundraising organizations that solicited thousands of dollars under false pretenses has been sentenced to four years in federal prison.
Cynthia Carrasco, 34, inspector general for the state of Indiana, keeps watch for fraud and abuse.
The show, which airs at 10 p.m. Thursday, follows Durham’s path from his modest roots in Seymour, Indiana, through his quest to become the world’s richest businessman to his arrest and conviction for running a $200 million Ponzi scheme.
Authorities say Parry Clark of Jacksonville hired a Johnson County man to help him solicit central Indiana investors for his medical malpractice insurance company and then used the money for personal gain.
Hrond Arman Gasparian, 69, was convicted of 10 counts of wire fraud in schemes that included stealing $400,000 from an Indianapolis church.
Marion County Prosecutor Terry Curry said Dr. Bernice Avant was charged Thursday with one count of Medicaid fraud and four counts of theft.
OneAmerica Securities has agreed to pay the state $805,000 to settle claims it failed to supervise an ex-representative involved in an $8.9 million Ponzi scheme in Ohio, Kentucky and southeastern Indiana.
The next step in former Indiana Secretary of State Charlie White's fight to overturn his voter fraud conviction is set for next month.
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
JPMorgan Chase argues it did a "solid" job managing trust accounts endowed by Eli Lilly Jr. The banking giant says the church's lawsuit cherry-picks facts and paints a "grossly inaccurate picture."
