Ball State receives restitution from man convicted of fraud
Ball State University has received about $695,000 in restitution from one of two men convicted of stealing $13.1 million from the university.
Securities fraud
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Regulators bar adviser Buck from securities industry
The Financial Industry Regulatory Authority said former top producer Tom Buck “willfully committed fraud,” partly by steering clients to commission-based accounts instead of cheaper fee-based accounts.
Ball State yet to receive any restitution in investment scam
Two men who were convicted of securities fraud after stealing $13.1 million from Ball State University have surrendered homes and sports memorabilia purchased with the money, but school officials say they haven't received any restitution.
Former Ovation CFO arrested on multiple theft charges
The former chief financial officer for Ovation Audio-Video Solutions LLC has been arrested and charged with more than 20 counts of theft for allegedly misappropriating about $600,000 in company funds for his own use.
Durham fails to convince judge to reduce 50-year sentence
Convicted Ponzi scheme leader Tim Durham appeared in federal court in Indianapolis for a resentencing hearing Friday afternoon following the September dismissal of two fraud counts by the U.S. Court of Appeals.
Justices suspend Indy lawyer who ran $19M Ponzi scheme
Indianapolis attorney Charles Blackwelder already has pleaded guilty to a real estate scam in Hamilton County that involved more than 300 elderly Hoosiers.
Local financial firm charged in $15M Ponzi scheme
The Securities and Exchange Commission has filed a federal lawsuit against Indianapolis-based financial planning firm Veros Partners Inc., alleging it defrauded 80 investors of $15 million in 2013 and 2014.
Carmel financial adviser facing fraud charges
A Carmel financial adviser has been indicted by a federal grand jury on 66 criminal counts, including wire fraud, money laundering and securities fraud, the United States Attorney's office announced Wednesday.
Ex-Colt Freeney accuses Bank of America of aiding $20M scheme
Bank of America Corp. faces a lawsuit by former Indianapolis Colts star defensive end Dwight Freeney, who claims the bank set him up with an unqualified private banker and her “notorious financial predator” boyfriend.
Probe, questions linger after Ball State loses $13M to fraud
The men who engineered the scams now are in federal prison. Meanwhile, Gale Prizevoits, who served as Ball State’s director of cash and investments from 2006 until her firing in 2011, stands disgraced but hasn’t been charged.
Hamilton County man arrested for investment scheme
John K. Marcum, 50, was taken into custody Thursday after a federal grand jury indicted him on charges of criminal wire fraud, securities fraud and money laundering.
Ponzi scheme operator gets 20 years in prison
A former OneAmerica Securities Inc. representative who is already serving five years in federal prison for running a Ponzi scheme received a much tougher sentence Thursday in a local courtroom.
Feds charge Deca Financial founder in $5M fraud
Federal prosecutors on Wednesday filed bank fraud, wire fraud and bankruptcy fraud charges against the founder of defunct Fishers collection agency Deca Financial.
OneAmerica pays $800K over fraud orchestrated by ex-representative
OneAmerica Securities has agreed to pay the state $805,000 to settle claims it failed to supervise an ex-representative involved in an $8.9 million Ponzi scheme in Ohio, Kentucky and southeastern Indiana.
Ball State assumes $12.6 million loss in fraud
The chairman of the Ball State University board of trustees has told the State Budget Committee the school is operating under the assumption it won't be able to recover $12.6 million in fraudulent investments.
Local financial adviser sentenced to 10 years
Kevin James, charged in April with securities fraud, mail fraud and money laundering, also was ordered to pay more than $1.3 million in restitution by Judge Sarah Evans Barker.
Repayments to church scam investors wrapping up
The last refund checks to devout investors who lost millions in what amounted to a religious Ponzi scheme are ready to be mailed after being tied up in court for nearly a decade.
Local man faces 20 investment-related felony counts
Robert E. Wilson, 54, who operated locally based Wellington Institutional Management LCC, was charged in Marion County Court with 10 counts of securities fraud and 10 counts of being an unregistered broker-dealer.
Hauke accounting firm to pay $1.8M in fraud settlement
DeWitt & Shrader PC, an Indianapolis-based accounting firm that worked for convicted Ponzi schemer Keenan Hauke, has agreed to settle a state lawsuit, Indiana Secretary of State Connie Lawson announced Tuesday.
Ball State fraud involved failed internal controls
Ball State Treasurer Randy Howard told The Star Press he doesn't know whether that failure involved deception by anyone at the university, lack of due diligence or both.