Manuel Gonzalez has been acquitted of three counts of wire fraud and three counts of money laundering in connection with a scheme that targeted an Indianapolis physician. Former City-County Councilor Paul Bateman pleaded guilty last month to participating in the scheme.
An Indianapolis physician who lost $1.7 million in a fraud scheme orchestrated in part by former Democratic City-County Councilor Paul C. Bateman Jr. has sued Bateman and two associates in Marion Circuit Court. The civil lawsuit comes as a criminal trial stemming from the case begins in U.S. District Court for the Southern District of Indiana.
During three hours of closing arguments Wednesday in the federal fraud trial of real estate broker John M. Bales and William E. Spencer, a federal prosecutor and two top-tier Indianapolis defense attorneys delivered a series of memorable one-liners and rhetorical flourishes designed to stick with jurors.
Don Marsh finally got off the hot seat Wednesday afternoon after his former company wrapped up nearly two days of questioning, but he didn't stay off the witness stand for long.
Federal prosecutors rested their fraud case against John M. Bales and partner William E. Spencer on Monday after a full day of testimony from FBI Special Agent Brian Percival that included several references to former Marion County Prosecutor Carl Brizzi.
The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
The federal fraud trial of Indianapolis real estate broker John M. Bales and a partner began Monday morning in South Bend with a jury-selection process that may not have run as smoothly if it took place in central Indiana.
The jury trial in South Bend for real estate developer John Bales and his general counsel, William E. Spencer, is scheduled to begin Jan. 28 and last up to two weeks. Bales and Spencer, both 45, are facing 13 counts, including wire and mail fraud.
The former office manager of a central Indiana manufacturing company will plead guilty to federal charges that she embezzled $2.1 million from the business over a six-year period.
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
Officials say Denise Abrell defrauded the Country Club of Indianapolis of $400,000 by writing checks to herself and using the club's credit card without its knowledge.
Donald R. Fair, the former owner of Fair Finance Co. who sold the business to fraudsters Tim Durham and James Cochran, agreed to the settlement Thursday.
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.
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.
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.
Federal prosecutors have filed fraud charges against an investor who they say misspent nearly $400,000 that leaders of an Indianapolis church gave him as it tried to raise more money to rebuild from a fire.
The attorney for convicted Ponzi schemer Tim Durham argues that the presentencing report miscalculates the losses suffered by investors, includes a range of allegations that weren’t proven at trial and blames his client for events outside his control.
The trustee in the Fair Finance bankruptcy case and his law firm have run up legal bills approaching $9 million, nearly double the recoveries they've achieved to date for investors victimized by convicted fraudster Tim Durham.
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.
