A former Indianapolis developer accused of luring more than a dozen Hoosiers into a $900 million Ponzi scheme invoked the Fifth Amendment more than 850 times when questioned under oath in Florida.
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
The sentence was short of the 60-month maximum Laikin could have received under a plea agreement worked out with federal prosecutors last fall.
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
The last man to settle with with the Carmel insurer over unpaid debt now is now being sued for not paying his legal bill.
Tim Durham's partner in a failed Akron, Ohio, company says a trustee has nothing to back up his allegations of fraud.
Indiana Novelty International, which does business as Kipp Brothers, was ordered to pay a $54,300 fine and reimburse the state’s investigative costs.
The government's allegations read like a spy novel: Dr. Ke-xue "John" Huang lands a job at Indianapolis-based Dow AgroSciences and over five years works himself into a position of trust, with access to trade secrets and processes the company has invested $300 million to develop.
A federal indictment unsealed Tuesday in Indianapolis charged 45-year-old Ke-xue "John" Huang
with theft and attempted
theft of trade secrets to benefit a foreign government.
The estate of a woman killed when pallets of bottled water fell on her at a Kroger store in Franklin is suing the bottler,
suggesting a new eco-friendly bottle design may have contributed to the accident.
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
Singed by the downturn, banks are winnowing real estate portfolios.
Prosecutors say 41-year-old Miami Beach resident Nevin Shapiro left at least 60 investors in Florida, Indiana and New
Jersey with about $80 million in losses after his Ponzi scheme collapsed.
The Greenfield furniture-maker has an acrimonious history with California-based Furniture by Thurston.
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Attorney General accuses David Caswell and New Century Publishing of violating state consumer protection laws by accepting
payment without providing publishing services. IBJ reported July 30 that several authors had paid New Century for books but
never received them.
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
FlashPoint's co-owners purchase remaining shares from law firm to give them sole ownership of the company they founded
in 2002.
Eli Lilly and Co. on Thursday lowered its revenue outlook for the year after it lost a patent lawsuit over its attention
deficit hyperactivity drug Strattera. The patent had been set to expire in May 2017. Lilly plans to appeal.
The battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has
made many Simon family members multi-millionaires.
