An Indiana state senator is returning campaign contributions from Timothy Durham, a former Indianapolis businessman charged with running a Ponzi scheme that defrauded investors of more than $200 million.
David Swanson, who was sentenced to 15 years in prison for skimming $2.7 million from CountryMark in 2003, was in court in Indianapolis last week, trying to get his sentence reduced or conviction overturned.
U.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain federal and state student loans.
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.
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 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.
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.
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.
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.
Operators of three of the nation's biggest movie theater chains have paid more than $277,000 in federal fines over allegations that they violated child-labor laws, the Labor Department announced Tuesday.
Carmel-based ChaCha Search Inc., operator of an online question-and-answer site, sued Taiwanese company HTC Corp. for trademark infringement over the planned introduction of a smartphone called the ChaCha.
Indiana-based Omnicity Corp. has filed countersuits against the owners of two companies it acquired who are charging in court that Omnicity failed to fully pay them for the acquisitions.
Filching ranges from crude to highly sophisticated, experts say.
Fair Finance Co.’s bankruptcy trustee is getting inquiries from parties interested in buying National Lampoon Inc., the Los Angeles-based comedy business led by embattled Indianapolis businessman Tim Durham.
In uncommonly sharp language, attorneys for New York-based Alden Global Capital accused Emmis' board of “a blatantly self-dealing transaction” that allows Smulyan to “pursue a personal litigation vendetta” against Alden.
E-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
An Illinois elevator company wants a judge to force the Indiana Repertory Theatre to protect it from liability in a lawsuit brought by a catering worker who fell down the elevator shaft at the downtown theater in 2007.
The Indiana Court of Appeals has agreed to hear an appeal from the widow of the late Melvin Simon, putting on hold a legal dispute over the mall magnate's more than $2 billion estate.
Prior to Wednesday’s sentencing, the Secretary of State’s securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
