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.
Susan Orr, Indianapolis Business Journal
Articles
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.
Patachou restaurants sue insurer over COVID-19 claim denials
The Patachou Inc. restaurant group has joined a growing list of companies locally and nationwide to sue its insurer over COVID-19-related claim denials.
COVID-19 to unleash torrent of lawsuits against insurers
Businesses and not-for-profits in Indiana and across the country have begun suing their insurers in coronavirus-related claims disputes—and attorneys predict a flood of additional cases will follow.
Celadon selling Andy Warhol prints as part of bankruptcy
Indianapolis-based Celadon Group Inc., which is auctioning off its assets in bankruptcy, isn’t just shedding trucks and real estate — it’s also selling Andy Warhol artworks.
Former employee pleads guilty in $4.5M Cummins fraud case
A former employee accused of defrauding Indiana-based Cummins Inc. and other companies out of more than $4.5 million has pleaded guilty to one count of wire fraud.
UPDATE: Former Celadon COO, CFO indicted on multiple fraud charges
The former chief operating officer and chief financial officer of Indianapolis-based trucking firm Celadon Group Inc. have been indicted for their alleged roles in what the U.S. Department of Justice describes as a “complex securities and accounting fraud scheme that resulted in a loss of more than $60 million in shareholder value.”
Federal judge rules in Indy financial adviser’s favor in exit from firm
A recent ruling by a federal judge in Indianapolis could make it easier for financial advisers who switch firms to tell clients about the move without fear of legal consequences.