Justices suspend Indy lawyer who ran $19M Ponzi scheme
Indianapolis attorney Charles Blackwelder already has pleaded guilty to a real estate scam in Hamilton County that involved more than 300 elderly Hoosiers.
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Angie’s List lawsuit charges Amazon stole trade secrets
The federal lawsuit says Amazon took shortcuts in building a direct competitor to Angie's List by having employees sign up as members of the Indianapolis-based consumer reviews company and then illegally downloading lists of service providers and other information.
Judge tosses Angie’s List suit, but gives investors chance to refile
The lawsuit claimed the company’s 2013 reduction in membership fees undermined its previous claims about its business model, but a federal judge said the complaint was devoid of facts showing the damage from those cuts.
Durham may see little payoff from dismissal of two counts
When Judge Jane Magnus-Stinson sentenced Durham to 50 years in 2012, she said there was no point to handing down a sentence that was a multiple of his likely life span.
Fair Finance trustee reaches $3M settlement with National Lampoon
The deal would resolve a 2011 lawsuit accusing former Indianapolis businessman Tim Durham of using Fair Finance funds to prop up National Lampoon. He is a former CEO of both companies.
AG’s office warns residents as scams in Indiana escalate
The attorney general's office received 5,255 scam complaints in 2014, more than double the 2,341 from a year earlier.
UPDATE: SEC hits ITT Educational, execs with fraud charges
ITT Educational CEO Kevin Modany and Chief Financial Officer Daniel Fitzpatrick allegedly “engineered a campaign of deception and half-truths” to hide from investors the extent of losses ITT was suffering from student loan programs, the SEC said Tuesday morning.
Fair Finance trustee reaches $35M settlement with lender
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.
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.
New Jersey man, 2 companies plead guilty in biofuels scam
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.
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.
Longtime developer Alig charged with 20 felonies
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: Man in biodiesel scam made death threats
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.
Land Bank chief wasn’t undercover FBI agent’s first target
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.
State bar fund awards $100,000 to Conour fraud victims
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.
Carmel business owner ordered to repay $720K for Medicaid fraud
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.
Third defendant pleads guilty on eve of Land Bank trial
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.
Local fundraiser sentenced to four years for mail fraud
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.
2015 Forty Under 40: Cynthia Carrasco
Cynthia Carrasco, 34, inspector general for the state of Indiana, keeps watch for fraud and abuse.
CNBC’s ‘American Greed’ to profile Tim Durham
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.