The Indianapolis-based trucking company admitted to “filing materially false and misleading statements to investors and falsifying books, records and accounts,” federal prosecutors said. One former executive also was charged with fraud.
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
The ringleader in one of the largest corporate-fraud cases in Indiana in recent years says his legal team at Barnes & Thornburg failed to disclose a “profound conflict of interest.
In the suit, a former business partner of Scott Wise says he was defrauded out of his $300,000 investment in the Scotty’s Brewhouse on Main Street.
Former orthopedic surgeon Spyros Panos seemed like a successful orthopedic surgeon, but he’s accused of a decade-long stretch of criminal activity that netted him millions of dollars. Among the companies that indirectly used Panos' services was Indianapolis-based Anthem Inc.
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.”
