Articles

Citigroup subsidiary agrees to $717,000 Indiana fine

The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.

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BMV commissioner resigns following arrest

State Bureau of Motor Vehicles Commissioner Andrew J. Miller resigned Thursday, the day after he was arrested for allegedly exposing himself in a public restroom in downtown Indianapolis.

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Ex-IU hoops player Leary avoids prison time in fraud

Former Indiana University basketball player Todd Leary was sentenced Monday to two years of work release or home detention followed by two years on probation. He still faces theft and burglary charges in Hamilton County in a separate case.

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Local ordinance could be key in City Market discrimination flap

Unlike state and federal law, city ordinance prohibits discrimination based on sexual orientation. That may be enough for the city to take action against Just Cookies, which operates in City Market, for declining a request based on the customer’s sexual orientation.

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Bank suing Estridge Cos. for securities fraud

Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.

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Defendant pleads guilty in $880M fraud case

A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.

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