Fishers man accused of selling $230M in dubious financial products
A Fishers man is facing a tangle of legal issues related to accusations that he was involved in the nationwide sale of more than $230 million in questionable financial products.
Susan Orr, Indianapolis Business Journal
Articles
Former Seven Corners employee sentenced for role in fraud scheme
A former employee of Carmel-based Seven Corners Inc. has been sentenced to 30 months in federal prison for her role in a scheme that defrauded the insurance company out of more than $588,000.
Former Indianapolis post office manager charged with mail theft
The former customer service manager at the New Augusta Post Office branch on the northwest side of Indianapolis is facing federal criminal charges in connection with the theft of $1.7 million in checks from the branch over a 13-month period that ended in mid-2021.
Pandemic forces delay in fraud trial of former Celadon execs
The ongoing pandemic has created another delay in the long-pending fraud trial of two former Celadon Group Inc. executives.
Purdue University files patent-infringement suit against Google
Purdue University’s Purdue Research Foundation is suing Google LLC over Android software that Purdue says incorporates patented technology for smartphones.
Criminal case against former Celadon execs headed for court
More than two years after they were indicted on multiple fraud charges, two former Celadon Group Inc. executives are soon to have their day in court — if the pandemic allows it.
Former Cummins employee sentenced to prison in $4.8M fraud case
A former Cummins Inc. employee has been sentenced to more than five years in federal prison for stealing more than $4.8 million from his employer over a nine-year period.
Former Banc-Serv exec sentenced to more than 5 years in prison
A federal judge on Thursday sentenced former financial executive Kerri Agee, 46, of Noblesville to five years and eight months in prison for her role in a 13-year fraud scheme at the financial services firm she once owned.
Prosecutors ask for eight-year prison sentence for former financial exec
Prosecutors are asking for an eight-year prison sentence for former financial executive Kerri Agee of Noblesville, who was found guilty in August of four counts of wire fraud and one count of conspiracy.
Carmel-based firm uncovers three separate cases of employee fraud
Maria Caceres, a former employee of Carmel-based Seven Corners Inc., stands accused of defrauding the company by submitting false claims — the third employee to face such charges within two years in separate criminal cases that allege more than $3.5 million in fraud against the travel insurance company.
Defendants found guilty on all charges in Banc-Serv fraud trial
A jury has delivered guilty verdicts on all charges against the former officers and employees of a now-defunct financial services firm in Westfield.
Fraud trial begins for five former directors, employees at Westfield financial firm
A federal fraud trial involving several former officers and employees of a now-defunct financial services firm in Westfield began on Monday.
Bank sues former Carmel staffers who left for rival
Busey Bank says it has lost more than $100 million in loans to a competitor because of “brazen and systematic poaching” of its employees.
Herff Jones data breach triggers lawsuits from graduation-gear customers
Indianapolis-based Herff Jones is facing three lawsuits from college students and their parents who say they were hit with fraudulent credit- and debit-card charges after using those cards to order caps, gowns and other graduation gear from the company’s website.
Governor signs controversial wetlands bill into law
Gov. Eric Holcomb signed a controversial wetlands bill into law on Thursday, disappointing numerous environmental, conservation and civic groups that had spoken out against the legislation.
FedEx facility near airport reopens following mass shooting
The FedEx Ground facility near Indianapolis International Airport reopened for business Wednesday, almost a week after the April 15 mass shooting at the site in which eight employees were killed. The company also has donated $1 million to a fund for victims.
Marion County health officials shut down two clubs for COVID-19 violations
The nightclubs Casba Bar in Broad Ripple and After 6 in downtown Indianapolis have been ordered to close immediately for violating pandemic-related health orders, the Marion County Public Health Department says.
Splenda maker sues Speedway chain over knockoff sweetener
The Carmel-based maker of Splenda sweetener is suing the convenience store chain Speedway LLC for trademark infringement, alleging the retailer offers its customers a knockoff sweetener in yellow packets that look too much like Splenda’s packaging.
Punch Bowl Social restaurant chain files for bankruptcy
The restaurant-and-entertainment chain Punch Bowl Social, whose Indianapolis location at 120 S. Meridian St. in Circle Centre mall has been closed since the start of the pandemic, has filed for Chapter 11 bankruptcy reorganization.
Arbitrators deny J.P. Morgan’s request for damages against three former advisers
An arbitration panel has denied J.P. Morgan Securities LLC’s request to collect more than $1.5 million in damages and fees from three former Carmel employees who left the firm to join Raymond James & Associates in 2018.