The complaint alleges that the former middle school math teacher “took advantage” of current or former teachers and other workers in public education by selling them “extremely risky securities” that brought her commissions worth $2.5 million.
A former Carmel resident pleaded guilty Wednesday to evading taxes on more than $1.2 million in income related to the multimillion sale of a rare painting.
Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.
A bookkeeper who pleaded guilty to defrauding a small Indianapolis-area construction company out of hundreds of thousands of dollars has been sentenced to nearly five years in federal prison.
Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.
The outcome almost certainly guarantees years of prison for Manafort and established the ability of special counsel Robert Mueller’s team to persuade a jury of average citizens despite months of partisan attacks — including from Trump — on the investigation’s integrity.
Craig Nichols, who resigned Wednesday, pleaded guilty to on count each of wire fraud and money laundering. He faces a maximum of 20 years in prison on each count.
The indictment alleges the director of the Purdue Center for Materials Processing Research received more than $1.3 million in grants from the National Science Foundation and used some of the funds to buy a home and to pay salaries to his two minor children.
The case might never have come to light were it not for a nearly century-old Indianapolis company that had a chance to participate in the overbilling and kickback scheme but called the FBI instead.
The modest settlements might suggest the SEC concluded its case wasn't that strong or that it would be difficult to explain to a jury.
David Mazanowski, founder and former CEO of the Fishers-based landscaping firm Mainscape Inc., was the fifth and final person to be sentenced in the $19 million kickback scheme involving Indiana nursing homes.
Steven Ganote, who prosecutors say was a key player in the massive American Senior Communities overbilling and kickback scheme, was also ordered to pay $7 million in restitution.
The deals with former ITT CEO Kevin Modany and Chief Financial Officer Kevin Fitzpatrick were reached days before trial and include more than financial settlements.
Prosecutors say Daniel Benson used his position as chief operating officer “to play an integral part in the sweeping conspiracy to defraud the victims in this case.”
James Burkhart’s hopes for a light sentence were dashed Friday afternoon when a federal judge handed down a lengthy sentence for his role in leading a massive kickback scheme as CEO of Indiana’s largest chain of nursing homes.
James Burkhart, who pleaded guilty to fraud, will be sentenced June 27 in federal court. His lawyers are asking for a four-year sentence.
Kenneth Ray Cleveland, 64, received the punishment from U.S. District Court Judge Tanya Walton Pratt after pleading guilty to federal fraud and money laundering charges.
In the scheme, a husband and wife would assume false identities and scam consumer electronics from Amazon, prosecutors said. They would sell the goods to an associate, often in parking lots in Indianapolis.
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
A review by the Indiana State Board of Accounts released Friday morning found that a former township fire department treasurer used the department’s money to pay for personal expenses related to youth hockey, phone and satellite TV services, and funeral expenses.
