Adviser who defrauded former Colt of $4.7M gets seven years in prison
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.
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Indiana fraudsters sentenced for stealing, reselling $1.2M in merchandise from Amazon
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.
Indianapolis car dealer charged in $7M international fraud scheme
Investigators from the U.S. Department of Justice say the 47-year-old owner laundered proceeds from the scheme through his dealership.
Investigators say volunteer fire department treasurer stole $238K
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.
Three area business owners, former bank employee charged in $8M fraud schemes
The U.S. attorney’s office says five central Indiana residents and one man from Detroit took more than $8 million from a bank and an insurance company, in part to pay for a home, a wedding, cars and more.
Former engineering exec charged with pilfering nearly $1M from local office
A man hired to open a Beech Grove office for an Indiana-based engineering firm has been charged with stealing almost $1 million in company funds, Marion County Prosecutor Terry Curry announced Thursday.
Former IUPUI student sentenced for federal loan fraud
As part of a plea agreement, 26-year-old Carmel resident Cavya Chandra admitted to forging documents from 2008 to 2014 in order to gain admittance to three universities—Carnegie Mellon University in Pittsburgh, Cornell University in Ithaca, New York, and IUPUI.
Defense makes bold new claim before stockbroker Thomas Buck sentencing
The former star Merrill Lynch broker this month threw federal prosecutors for a loop, arguing days before his scheduled sentencing for securities fraud that his offense caused “zero financial loss.”
Local attorney sentenced to six years in prison for immigration fraud
U.S. District Judge Jane E. Magnus-Stinson of the Southern District of Indiana also ordered the defendant to pay up to $750,000 in restitution to his victims.
Bookkeeper accused of stealing from employer agrees to plead guilty
Federal prosecutors say the woman stole more than $315,000 over two years from a family-owned Franklin construction company.
Enron fraudster to speak at investment forum in Carmel
Former Enron CFO Andy Fastow, who was sentenced to six years in prison for his role in the Enron scandal, is expected to tell local financial analysts how the fraud unfolded and what he learned from the experience.
Two former auto dealer employees convicted of racketeering
Two men who helped manage used-car dealerships in Indianapolis face up to 20 years in prison after being convicted on federal racketeering and fraud charges, U.S. Attorney Josh Minkler announced Wednesday.
Tim Durham fraud victims eke out additional recovery
Investors in the Durham-owned Fair Finance Co. are slated to receive an additional $5 million soon, boosting their recovery to $23 million—which works out to about 11 cents on the dollar for their $208 million in losses.
Two ex-nursing home execs to plead guilty in kickback scheme
Former American Senior Communities CEO James Burkhart and former Chief Operating Officer Daniel Benson have agreed to plea deals in a kickback scheme involving millions of dollars.
Convicted fraudster accuses attorney of secret relationship with his then wife
In an attempt to reopen his case, Keenan Hauke says Barnes and Thornburg partner Larry Mackey—who is now married to Hauke’s ex-wife—did not adequately represent him.
Indianapolis man sentenced to four years in prison on federal fraud charges
Prosecutors say the man defrauded a business out of nearly $600,000 by selling it fraudulent invoices.
Michigan man sentenced for nearly $1M Indy fraud scheme
Authorities say Larry Westby stole nearly $1 million from people investing in his Indianapolis-based business.
Indianapolis attorney pleads guilty to immigration fraud
The attorney entered guilty pleas to filing false visa applications on behalf of about 250 clients, collecting $750,000 in fraudulent fees.
Brother of ex-American Senior Communities CEO admits guilt in fraud case
Joshua Burkhart is the second defendant to admit guilt in what prosecutors allege was a $16 million fraud orchestrated by leaders of the state's biggest nursing home company.
ITT failure a calamity, but former execs say not fraud
The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.