A federal magistrate in California has delayed until Monday a detention hearing for Tim Durham, a former Indiana businessman accused of running an elaborate Ponzi scheme that defrauded investors of more than $200 million.
Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
Unusual home on south side has a dozen bedrooms for folks who need to give up their own homes.
Timothy S. Durham (pictured at far left), James F. Cochran and Rick D. Snow were all arrested on Wednesday following a grand jury indictment.
Beleaguered local businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. have been indicted on felony charges of wire fraud, securities fraud and conspiracy to commit wire fraud and securities fraud. The Securities and Exchange Commission also filed a complaint against the men in federal court.
The receiver appointed in the case is distributing the last of $2.6 million in assets he recovered from the $29 million investors lost in the Ponzi scheme.
A complicated legal case about trade secrets points up a down side to the success Indiana’s research universities have had turning their research into revenue: Large legal bills can eat much of the money.
Delays getting new diabetes meters into the U.S. market appear to have tripped up Roche Diagnostics Corp. on its way to acquiring a key software vendor.
A former Rice University football player argues that one-year limits on athletic scholarships is a “blatant price-fixing agreement” between the NCAA and its member schools.
Banks across Indiana are preparing for a deluge of new regulations that will cut into their bottom lines, make their businesses more complex and, in some cases, force them to consolidate.
The Indiana Attorney General’s Office filed suit Wednesday against The Mexican Civic Association of Indiana Inc. for allegedly offering immigration advice without a license to practice law.
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
How did Indiana's first female federal judge go from clueless student to the bench? Would she be a good fit for the Supreme Court? When will she retire? Sarah Evans Barker presents her findings.
Two special prosecutors have asked the Indiana inspector general to investigate whether indicted Secretary of State Charlie White improperly accessed a report detailing evidence of alleged voter fraud against him.
A Terre Haute pharmacist faces a possible 10-year prison sentence if convicted of health care fraud and money laundering in a scheme that netted him more than $3.57 million.
Ball State University is conducting a nationwide search for a president to lead a not-for-profit it launched to boost the commercialization of the university’s intellectual property.
Secretary of State Charlie White, the man whose job is to maintain the integrity of Indiana's elections, ignored mounting calls for him to step down or resign after his indictment Thursday on charges he broke the laws he's supposed to enforce.
Junior Achievement’s attorneys paint the not-for-profit's ex-CEO as something of a renegade to bolster their defense in an ongoing lawsuit by another former executive.
The local distributor of wireless phones has filed suit against Massachusetts-based Emptoris Inc., and is looking to recoup millions of dollars it paid the company in addition to the amount it says it spent trying to fix the problem.
