Former business owner Hockett sentenced for bank fraud
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty
to bank fraud in May.
Fraud
Articles
Developer’s fraud trial enters second day
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
Dodson Group CFO to plead guilty to wire fraud
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.
BREAKING: Jury finds Premier’s White guilty
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
Dodson Group hit crisis mode after trusted CFO suspected of theft
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of
aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger.
Accounts receivable for his company,
the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s
coffers.
Marcus Schrenker gets prison sentence
The Indianapolis money manager who crashed his plane and parachuted to safety in an elaborate scheme
to fake his death and flee financial ruin, has been sentenced to more than four years in federal prison.
Schrenker faces nine more charges in Indiana
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
First Merchants posts larger loss on fraud charge
Muncie-based First Merchants Corp. disclosed this week that the bank lost $31.2 million in the
second quarter, including $10.2 million it blamed on fraudulent financial statements provided by a large commercial borrower.
Cemetery owner to plead guilty to theft, fraud
A cemetery owner set to go on trial Monday has agreed to plead guilty to theft and securities fraud.
Dan Laikin on sidelines as others admit guilt in stock-manipulation scheme
Carmel businessman Dan Laikin finds himself in the awkward spot of denying wrongdoing at the same time the three men accused
of conspiring with him in a stock-manipulation scheme are admitting guilt.
Former Conseco director liable for some unpaid stock loans
Dennis E. Murray Sr. was declared liable in October by U.S. District Court Judge Larry J. McKinney for at least some of the
millions of dollars he borrowed to buy Conseco stock in the late 1990s.
Winona lacks evidence to prove fraudulent money transfer
The trustee for Winona Memorial Hospital lost in court against the hospital’s former owner earlier this month — but
not without
receiving a bit of vindication from the judge in the case.
Murky motive adds intrigue to Old National loan saga
In the buttoned-down world of banking, it doesn't get much stranger than this: An Indianapolis loan officer with a strong reputation is suddenly dismissed after his employer charges he falsified lending documents. The bank says the fraud exposes it to potential losses approaching $20 million. And here's the kicker: The employer hasn't accused the banker of committing the wrongdoing for personal gain.
Memory Gardens lawsuit seeks $20 million
An Indianapolis law firm has filed a class-action suit seeking more than $20 million from a pair of financial-services firms
it says facilitated the transactions that allowed a New Jersey couple to plunder cemetery trust funds. Cohen & Malad LLP filed
the lawsuit late last month on behalf of thousands of customers of Indianapolis-based Memory Gardens Management Corp., which
owns Memory Gardens in Greenwood, Lincoln Memory Gardens in Boone County and other cemeteries. The defendants are the company,
New York-based…
Funeral operator slapped with criminal charges
The Marion County Prosecutor’s Office filed criminal charges today relating
to the status of trust funds set aside to pay funeral expenses and cemetery maintenance for a string of Indiana cemeteries.
Real estate exec with lavish lifestyle accused of $160M fraud
A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.
Funeral family asks court to intervene in dispute
A family that once owned Forest Lawn Memory Gardens and Funeral Home in Greenwood has asked
a Johnson County court to put the business into receivership amid questions about the status of trust funds set aside to pay
funeral expenses and maintenance.
Ruined Brightpoint manager heading to trial
Four years after the Securities and Exchange Commission accused Harcharik of committing securities fraud at Brightpoint Inc.,
he finally has his day in court. A civil jury trial is scheduled to start May 21 in Manhattan. It could last as long as three
weeks.