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.
Fraud
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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.
Former heavy-hitter stockbroker Buck charged with fraud
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Zionsville pharmacist who put himself in feds’ sights admits to felonies
Harry Zhang pleaded guilty to two felonies this month after charged with illegally obtaining prescriptions from Canada and Germany and reselling them in China.
Judge spares exec from prison in bribery case
Dilip Vadlamudi, the founder of Indianapolis-based Pyramid Technology Solutions, funneled money to a co-conspirator in return for millions of dollars of IT work.
Two Indianapolis execs indicted in Maryland bribery case
Two executives, including the CEO, of Indianapolis-based technology firm The Consultants Consortium Inc. have been indicted in a federal bribery case that also involves a former cabinet-level Maryland state government official.
Third member of Fishers investment firm sentenced for fraud
The third and final member of a Fishers-based capital investment firm called the Dane Group has been sentenced to three years in the Indiana Department of Correction.
Former Estridge Homes controller sentenced to 21 months in prison
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
Indiana health care providers indicted as part of national crackdown on fraud
An Indianapolis-area chiropractor is among more than a dozen people in Indiana-based investigations and hundreds of people nationwide charged in health care fraud and opioid scams worth $1.3 billion.
Debt-collection exec sentenced to more than 4 years in prison
Todd Wolfe, who was indicted on federal fraud charges in 2015 following the collapse of Fishers collection agency Deca Financial Services LLC, must make restitution of more than $5 million to his victims.
Fishers tax business owner sentenced to four years in prison
A Fishers business owner who pleaded guilty to instructing his employees to prepare more than 2,300 false tax returns must make $1.5 million in restitution.
Indiana lawyer pleads guilty in estate misappropriation case
The Indiana Supreme Court has indefinitely suspended Schuyler's law license because he didn't cooperate in the investigation of complaints filed against him.
Subpoena scuffle puts American Senior Communities fraud case on contentious course
Prosecutors argue that subpoenas issued by counsel for the nursing home company's former CEO are overly broad and "an abuse of process."
Mainscape founder secretly assisted feds with American Senior Communities probe
The fact that Dave Mazanowski, whose firm provided landscaping services to the nursing home chain's properties, had been cooperating with investigators was revealed publicly for the first time in a recent court filing.
Local Roche units sue pharmacies over alleged test-strip scheme
Two Indianapolis-based subsidiaries of Swiss pharmaceutical giant Roche Group are accusing a group of pharmacies and supply houses of engaging in an elaborate scheme to defraud Roche of millions of dollars worth of sales on diabetes test strips.
ITT Tech nightmare escalates for Indianapolis credit union
The Eli Lilly Federal Credit lost a bundle on loans to ITT Technical Institute students a few years ago. Now the credit union, which adopted the Elements Financial moniker two years ago, may get hit with a lawsuit from the bankruptcy trustee for the now-defunct for-profit school operator.
Greenwood man sentenced to 41 months for $2.7M embezzlement scheme
Troy Sissom has been ordered to serve 41 months in federal prison for defrauding F.A. Wilhelm Construction Co. from 2003 to 2015.
Former Estridge Homes controller to plead guilty to bank fraud
Thomas Carter of Fishers diverted more than $340,000 from company bank accounts into his own accounts between 2013 and 2016, Carter’s plea agreement says.
Former Indianapolis tax preparer sentenced for filing false returns
Prosecutors say the man filed 65 fraudulent tax returns on behalf of central Indiana clients between 2010 and 2012.
Eyler misses deposition, adding to furor over test-prep firm
Tennessee-based Southeast Financial Credit Union sued Eyler and others in 2015, charging they fraudulently restructured the business to thwart creditors and owe more than $13 million on defaulted loans.