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Fraud

Fraud

ARTICLES

Company ordered to pay $31.9M to SEC for biofuel fraud

Evansville-based Imperial Petroleum Inc. has been ordered to pay nearly $32 million to the Securities and Exchange Commission after it failed to reply to the SEC’s court filings seeking damages in a biofuels fraud case that resulted in prison time for the former company president.
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Ex-West Virginia Supreme Court justice pleads guilty

A retired West Virginia Supreme Court justice is now a convicted felon. Menis Ketchum pleaded guilty Thursday in federal court to a felony count of fraud related to his personal use of a state vehicle and gas fuel card in a scandal that has led to upcoming impeachment trials for the remaining justices.
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IndyCar awarded $3.9M for scrubbed Boston races

A race organizer’s failure to bring promised IndyCar Boston Grand Prix Labor Day weekend races to the finish line has resulted in an award of nearly $4 million in damages to the Indianapolis-based open-wheel racing series, but it’s unclear how much IndyCar may be able to recoup from bankrupt promoters.
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