Still nothing for investors, as Fair Finance legal fees balloon
The Cleveland law firm representing the bankruptcy Trustee Brian Bash is seeking approval for more than $11 million in fees.
Fraud
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Durham family members agree to settle trustee claims
Attorneys for the Fair Finance trustee said Tim Durham's ex-wife, Joan SerVaas, has agreed to pay $100,000 and Bernard Durham, his adopted son, $10,000 to settle a lawsuit charging they accepted nearly $300,000 from the disgraced financier.
Former Simon exec pleads guilty to fraud in kickback scheme
Carmel resident Mark Palombaro, 55, likely faces prison time after admitting to his role in a scheme that prosecutors say netted him $766,000.
Judge sentences attorney Page to probation, fine
Attorney and real estate developer Paul J. Page will serve two years of probation and pay a $10,000 fine for concealing the source of a $362,000 down payment on his purchase of a state-leased office building in Elkhart.
Prosecutors seeking 14-month sentence for attorney Page
Federal prosecutors are asking a judge to sentence Indianapolis attorney Paul J. Page to prison for his role in a real estate deal involving a state-leased office building in Elkhart.
Fair bankruptcy judge issues $33M verdict against Dan Laikin
The case stems from a line of credit the Indianapolis businessman received from Tim Durham's Fair Finance Co. Attorneys for the failed company said Laikin amassed tens of millions of dollars in debt he never repaid.
Conour gets 10-year sentence in $6.7M fraud case
Former attorney William Conour sat in a federal courtroom Thursday afternoon and listened to several of his former clients tearfully describe how he had lied to them and stolen money from their settlements. The judge imposed half of the maximum sentence.
Prosecutors urge 20-year sentence for lawyer Conour in $7M fraud
The toll from fraud perpetrated by former personal-injury attorney William Conour has increased significantly from earlier estimates, federal prosecutors said in a sentencing memorandum filed Tuesday.
Former Simon executive faces fraud charge
Federal prosecutors in Pittsburgh have charged Mark Palombaro of Carmel with a single count of mail fraud in connection with a kickback scheme.
Indiana sues estate of alleged Ponzi schemer
The state has gone to court to freeze the assets of the estate of a dead Kokomo investment adviser so the money can provide possible restitution to victims of a Ponzi scheme who might include former National Football League players.
Durham backers who exited early now taking financial hit
A group of elite Indianapolis investors who cashed out before Tim Durham’s financial empire collapsed have reached a settlement with a bankruptcy trustee requiring them to give most of their money back.
Biofuel fraud case shines light on Imperial CEO
Federal prosecutors say Jeffrey Wilson did not initially know about a fraud scheme in Imperial Petroleum’s new subsidiary, E-Biofuels, but allowed the deception to continue once he did, costing investors tens of millions of dollars.
Biofuels firm’s fraud cheated victims of $100M, feds say
Federal prosecutors announced charges Wednesday related to an investigation of E-biofuels LLC in Henry County, alleged to be the largest instance of tax and securities fraud in state history.
Durham’s appeal hangs on tossing damaging wiretaps
Attorneys for Tim Durham and his co-defendants cast their clients’ convictions on a total of 25 felony counts as the result of a string of legal missteps, including bungled jury instructions, and giving investigators the right to conduct wiretaps without first demonstrating that “ordinary investigative techniques failed or were unlikely to succeed.”
Marsh Supermarkets, former CEO spar over attorney fees
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
Avalanche of lawsuits flows from Conour fraud
State and federal suits take aim at a cavalcade of local attorneys, including some who used to work with the once-prominent, personal-injury lawyer.
Ex-lawyer who admitted to fraud wants to keep fees
William Conour, a former prominent Indianapolis lawyer who pleaded guilty in July to defrauding clients of $4.5 million, wants to keep $2 million in legal fees he says were legitimately earned.
Doctor charged with overprescribing painkillers
Dr. Segun Rasaki, 49, prescribed drugs like hydrocodone and methadone to people who didn’t need them, and submitted fraudulent insurance claims such as duplicate billings, according to court documents.
Convicted Conour, government agree to sale of assets for victims
Possessions of convicted former attorney William Conour—including furniture, artwork and a collection of premium wine and champagne—could be sold to help clients Conour defrauded of at least $4.5 million.
Don Marsh to keep $2.2M severance from grocery chain
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.