Fair Finance CFO seeks reduction of sentence
Rick D. Snow—who was convicted in 2012 of helping Tim Durham and Jim Cochran loot Fair Finance Co. but didn’t raid the company’s coffers himself—is seeking to get his 10-year sentence reduced.
Fraud
Articles
Former controller of Estridge Homes accused of $364K fraud scheme
Thomas Carter of Fishers has been charged with bank fraud after allegedly siphoning funds from his employer for more than three years.
UPDATED: Feds say ASC’s CEO, 3 others used kickbacks, shell firms to pull off massive fraud
An indictment unsealed Wednesday alleges former American Senior Communities CEO James Burkhart orchestrated a massive scheme that defrauded the nursing home company, its owner and federal health care programs out of more than $16 million.
Risk-averse CNO caught up in hedge fund nightmare
A deal struck two years ago aimed at offloading the risks associated with a big block of long-term care insurance has come back to haunt the Carmel-based company in a big way.
Greenwood man charged in $2.7M fraud scheme involving local contractor
The former project manager for F.A. Wilhelm Construction Co. faces 20 years in prison for allegedly creating a fake business and billing his employer for materials, as well as making a false tax return.
New hope surfaces for victims of Durham’s Ponzi scheme
An appeals court ruling has cleared the way for Fair Finance Co.'s bankruptcy trustee to revive a lawsuit against one of the company's lenders,a Fortune 500 company with extensive resources. The trustee was able to extract a $35 million settlement from another one of the company's lenders.
Anderson man, 64, to plead guilty in identity fraud scheme
An Anderson man is expected to plead guilty to using false identities to obtain fraudulent tax refunds totaling about $238,000 over three years.
Former utility CEO charged with embezzling $500K for jewelry, iPads, pizza
Donnis Mizelle, former CEO of Avon-based Hendricks Power Cooperative, defrauded the company to buy jewelry, electronics, sports tickets, and even meals for his own entertainment, according to federal officials.
Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Former Whitestown-based builders charged with $1.2M fraud
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
Judge sentences ex-Carmel financial adviser to nearly 5 years in prison
Investigators said Jaime C. Lopez swindled hundreds of thousands of dollars from investors—using money he was supposed to invest to buy automobiles, make mortgage payments and pay for home landscaping.
Developer Alig avoids prison time with plea deal
Prominent Indianapolis developer Cornelius “Lee” Alig, who pleaded guilty to one count of theft and one count of securities fraud, received a four-year suspended sentence Monday morning and was ordered to repay victims $321,000.
Former real estate broker found guilty of forgery, theft
A jury convicted David Garden on 22 counts, including 11 counts of forgery and 10 counts of theft, for defrauding homeowners and renters.
Ex-furniture company exec pleads guilty in $18M loan fraud
Norman D’Souza, 50, of Monmouth Junction, New Jersey, conspired to get $17 million in loans illegally from a Manhattan bank and $1 million in municipal loans from Gas City in Indiana, prosecutors said.
Local man pleads guilty to $2.9 million in tax fraud
A 41-year-old local businessman pleaded guilty to theft of government funds Wednesday after he was accused of cashing hundreds of stolen or fraudulent tax-refund checks worth nearly $3 million.
Former Carrier accounting manager lands in prison
A former accounting manager at Carrier Corp. in Indianapolis has been sentenced to federal prison for embezzling more than $1.2 million from the company, U.S. Attorney Josh Minkler announced Wednesday.
Former investment broker sentenced to one year
Ronald W. Nichter, 60, was found guilty of siphoning more than $160,000 from the investment accounts of 14 clients, including several who lived in Anderson, Pendleton, Greenfield and Shirley.
Federal court rejects Durham’s sentence appeal
A federal appeals court has rejected a former Indianapolis businessman's bid to shorten his 50-year sentence for defrauding investors of more than $200 million.
Former Indy developer going back to prison for a year
Sydney "Jack" Williams, whose fortunes turned after he got mixed up in a $930 million Ponzi scheme, received the sentence Monday after pleading guilty to scheming with his wife to hide bank withdrawals before his 2010 bankruptcy.
Investment broker’s plea deal erases 20 felony counts
Robert E. Wilson of Indianapolis originally faced up to eight years in prison on 20 securities-related felony counts. Under a plea agreement, he’ll serve six months probation on one misdemeanor count.