Supreme Court rules SEC can recoup money in fraud cases
The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.
Fraud
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Feds seek $225M fine for pair who made a billion robocalls
The U.S. communications regulator on Tuesday proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers.
Supreme Court declines to take Bernie Madoff trustee case
The Supreme Court of the United States is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors.
Unanimous US Supreme Court throws out ‘Bridgegate’ convictions
A unanimous United States Supreme Court on Thursday threw out the convictions of two political insiders involved in the “Bridgegate” scandal that ultimately derailed the 2016 presidential bid of then-New Jersey Gov. Chris Christie. The justices found evidence of deception, corruption and abuse of power in the scheme, but said “not every corrupt act by state or local officials is a federal crime.”
Suspended Warsaw attorney disbarred following theft, fraud conviction
A northern Indiana lawyer who was indefinitely suspended in March after he pleaded guilty to multiple felony theft charges was disbarred Wednesday by the Indiana Supreme Court.
7th Circuit splits in loan modification dispute, rules in bank’s favor
A 7th Circuit Court of Appeals majority affirmed Thursday the dismissal of a homeowner’s complaint against a bank that he alleged failed to honor a loan-modification offer that could have kept him from foreclosure.
Indy-based NCAA faces lawsuit over violence against women at colleges
The Indianapolis-based NCAA is facing a federal lawsuit accusing the organization of failing to address gender-based violence by male athletes against female students at colleges and universities.
COA partially reverses for financial adviser in Marion development dispute
The Indiana Court of Appeals has partially reversed in favor of a financial adviser in a dispute with the city of Marion after years were wasted on a construction project that was projected to cost millions of dollars.
Case against Indy attorney to proceed after client wins reversal
An Indianapolis attorney being sued by a former client in a post-conviction relief case faced a reversal Monday after the Indiana Court of Appeals found that the client’s complaint alleging violations of certain canons of the Rules of Professional Conduct did not deprive the trial court of jurisdiction over the case.
Imprisoned exec says COVID-19 risks justify his release
Paul Elmer, the 69-year-old former CEO of Pharmakon Pharmaceuticals, is desperately trying to win early release from federal prison in Terre Haute, saying he fears he’ll contract COVID-19 there and die.
Indiana man charged with welfare fraud over hidden body
A northern Indiana man faces welfare fraud and other charges alleging that he hid his father’s body for two years so that he could cash his father’s benefit checks.
Justices remand for reconsideration in Munster misuse of public funds case
A unanimous Indiana Supreme Court has remanded a case, reinstating state claims against two former Munster school officials accused of misappropriation of funds. The court cited its recent decision concerning a case involving a Jennings County bookkeeper.
Suspension extended for Warsaw attorney guilty of fraud, theft
Indiana Supreme Court justices on Monday indefinitely suspended a Warsaw attorney who earlier this month pleaded guilty to multiple fraud and theft charges and agreed to repay more than $51,000 to his former law firm, clients and a bank.
$1.8M restitution order vacated in car dealership fraud
The 7th Circuit Court of Appeals has reversed and remanded for the recalculation of restitution to be paid by a man involved in fraudulent activities at an Indianapolis car dealership.
Conviction upheld for ex-Gary city employee who ordered, sold iPads
A former employee of the City of Gary who purchased more than $1.3 million in computer equipment and resold it for cash lost an appeal of her conviction and sentence before the 7th Circuit Court of Appeals on Tuesday.
Fair Finance bankruptcy trustee loses high-stakes jury trial against deep-pocketed lender
The bankruptcy trustee seeking to recover millions of dollars for victims of Indianapolis businessman Tim Durham’s Ponzi scheme has come up empty in a nearly decade-long lawsuit against a deep-pocketed lender he alleged was culpable in the fraud.
Lawsuit claims former ClearObject owners overstated revenue projections by millions
The former majority owners of Fishers-based tech firm ClearObject — including high-profile exec John McDonald — have been sued by investors who bought an 80% stake in the company in early 2019.
Trump says Ginsburg, Sotomayor should sit out cases, but they decide
A month before the Supreme Court takes up cases over his tax returns and financial records, President Donald Trump on Tuesday made the unusual suggestion that two liberal justices should not take part in those or any other cases involving him or his administration.
Recovery for Durham fraud victims hinges on high-stakes trial
A high-stakes lawsuit goes to trial Monday that could represent the last, best hope for victims of Indianapolis businessman Tim Durham’s Ponzi scheme to recoup a sizable recovery on their more than $200 million in losses.
Carmel man indicted on 28 fraud charges related to scheme using PayPal, eBay
A Carmel man has been indicted on 28 federal offenses including wire fraud, aggravated identity theft, credit card fraud and money laundering related to fraudulent PayPal and eBay accounts, Southern Indiana District U.S. Attorney Josh Minkler announced Friday.