Articles

BREAKING: Schrenker sentenced to 51 months in prison

Indiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately
crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.

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Marcus Schrenker gets prison sentence

The Indianapolis money manager who crashed his plane and parachuted to safety in an elaborate scheme
to fake his death and flee financial ruin, has been sentenced to more than four years in federal prison.

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Dental startup locating in Noblesville

Therametric Technologies Inc., a developer of dental health technology, said today it will locate its headquarters and manufacturing
operations in Noblesville, and plans to create 40 jobs by 2013.

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Carmel tech staffing firm Sales Diesel closes

Sales Diesel, a Carmel company that provided salespeople for technology companies, appears to be out of business. The firm’s Web site was taken down last week and calls to its 11590 N. Meridian St. offices were not returned.

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Banks building new branches despite online age

Bank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?

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Conseco reinsurance deal swaps profits for cash

Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.

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Greater Indianapolis YMCA has $30M in projects planned

It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.

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