Fair Finance CFO staying out of prosecutors’ crosshairs
Rick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants Tim Durham and Jim Cochran. But he's facing the same felony charges.
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SKARBECK: Merger lawsuits common, but investors seldom benefit
The filing of merger lawsuits is so predictable that many acquiring companies factor in class-action legal costs as a form of “transaction tax” to get their deals done.
Fired St. Vincent physician suing hospital for discrimination
The Indian-born doctor is seeking past and future pay, in addition to other damages, for enduring what she considers harassment and discrimination while a resident at the Indianapolis hospital.
Durham prosecutors ask to admit IBJ story as evidence
Federal prosecutors in the Tim Durham fraud trial on Wednesday sought to introduce into evidence an IBJ investigative report from October 2009, but a judge agreed with a defense attorney and denied the request.
Trial evidence shows desperation in Fair Finance’s final days
The men who presided over Ohio-based Fair Finance were at their wits end by late 2009. In government-recorded phone calls and intercepted e-mails introduced as evidence in U.S. District Court this week, they come across as exhausted, angry and determined.
Gay youth group appeals license plate revocation
The American Civil Liberties Union is representing the Indiana Youth Group in its appeal of the state's March decision, arguing the BMV selectively enforced the policy that led to the ban.
VIDEO: Fair Finance investor’s family lost $475K
Donald Russell, a retired deputy sheriff, is among the more than 5,000 clients of Fair Finance who lost big investments with the Ohio firm. After testifying on Tuesday during the fraud trial for Fair owner Tim Durham, he shared his story with IBJ.
No lockstep defense strategy for Durham co-defendants
Tim Durham and his co-defendants in the fraud case involving Fair Finance sit on the same side of the courtroom, but that doesn't mean their interests are always aligned.
Durham trial: Fair Finance controller details cash crunch
The former controller at Fair Finance is testifying at the fraud trial of Tim Durham as a star witness for the federal government in exchange for immunity from prosecution.
Donald Fair leads off government’s case against financier Durham
The man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
Judge, attorneys in Durham trial look for jurors untainted by media reports
A federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham and his co-defendants. The jury-selection process, which began Friday morning, launched what’s expected to be a three-week trial over alleged wire and securities fraud.
Indiana officials face deadline on anti-nepotism law
County, city, town and township governments across Indiana are racing to adopt new rules against nepotism ahead of a July 1 deadline.
Jury selection set to start in Durham fraud trial
The criminal case against Tim Durham and co-defendants Jim Cochran and Rick Snow is set to begin Friday in front of federal Judge Jane Magnus-Stinson. Prospective jurors in the high-profile trial will be asked whether they can be impartial and not be influenced by what they have heard, read or seen about the case.
City reaches $1.5M settlement over death in Bisard case
The family of a motorcyclist Eric Wells, who died in 2010 after being struck by a patrol car driven by police officer David Bisard, has reached a $1.55 million settlement with the city of Indianapolis in its wrongful death lawsuit.
Angie’s List accuses competitor of deceptive ads
Angie’s List Inc. alleges its trademarked name is being misused by a Colorado competitor to intercept people conducting Google searches for the Indianapolis-based contractor-ratings service.
Rolls-Royce must face whistle-blowers’ lawsuit
Rolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers claiming the company cheated the United States by failing to report defense-contract product defects.
Dead fugitive from central Indiana defrauded hundreds
Oregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30 million.
Indy’s sewer-fee forgiveness ruled constitutional by high court
Indianapolis didn’t violate the Constitution when it forgave sewer-system debt owed by some homeowners while refusing to give refunds to those who had already paid, the U.S. Supreme Court ruled.
Former Indiana chief justice joins IU institute
The university appointed Randall Shepard to a two-year term as its first executive-in-residence of its Public Policy Institute within the School of Public and Environmental Affairs. Shepard stepped down as chief justice in March.
Former state worker sentenced in welfare scam
A former Indiana welfare worker has been sentenced to more than three years in prison for creating bogus debit cards he and a co-worker used to steal $185,000 from needy residents' state benefit accounts.