7th Circuit modifies restitution, forfeiture for fraudster
An Indiana tire store manager who defrauded his company out of hundreds of thousands of dollars has been granted some financial relief but will not get the new trial he’d hoped for.
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Justices reinstate judgment for loan broker, reject ‘fraud’ finding
A loan brokerage company will be permitted to collect a roughly $3,000 consultant’s fee from a client that rejected its financing offer, the Indiana Supreme Court has ruled, overturning a lower court’s finding that the broker asked the client to commit fraud in order to obtain financing.
US failed to stop fraud in COVID loan program, Clyburn says
The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, depleting the funds and making people more vulnerable to identity theft, the chairman of a House panel examining the payouts said Tuesday.
Takeaways: Trump’s mind ‘made up’ on fraud ahead of Jan. 6
The House panel investigating the Jan. 6, 2021, insurrection systemically made the case in its second hearing Monday that several of former President Donald Trump’s advisers warned him against making claims of widespread voter fraud in the 2020 election that he lost.
Trump loses appeal, must testify in New York civil probe
Former President Donald Trump must answer questions under oath in the New York attorney general’s civil investigation into his business practices, a state appeals court ruled Thursday, rejecting his argument that he should be excused from testifying because his answers could be used in a parallel criminal probe.
South Bend attorney sentenced to over 10 years in prison for defrauding clients
South Bend attorney Sven Eric Marshall has been sentenced to serve more than 10 years in federal prison and ordered to pay $1.94 million in restitution for defrauding investors in his former business, Trust & Investment Advisory Services of Indiana, Inc.
Bont: White collar update: Theranos cases continue in California
What did Elizabeth Holmes gain by putting the government to its proof?
Trial Rule 60(B) does not sway COA to overturn default judgment
A certified public accountant who abruptly booted a tenant from his property then failed to appear at the subsequent court proceedings discovered the limits of trying to get relief under Indiana Trial Rule 60(B) when the Court of Appeals of Indiana found the CPA miscalculated his ability to get a do-over.
COA partially rules for town in property, ITCA dispute
An Indiana town will receive partial judgment from the Court of Appeals of Indiana on fraud and constructive fraud claims brought against it by a property owner who claimed the town backed out on its promise to purchase land.
Man pleads guilty to stealing checks intended for churches, including in Indiana
A Florida man has pleaded guilty in connection with the theft of more than 2,600 checks intended for religious institutions in several states, including Indiana, that were deposited into fake bank accounts, a federal prosecutor in Maryland said.
Former Merrill Lynch broker Buck ordered to pay $7.5M in damages to former client
Former powerhouse Merrill Lynch broker Thomas Buck, who was released from prison in January after serving time for securities fraud, has been ordered to pay $7.5 million in damages to a former client who says Buck mismanaged her investments.
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.
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.
Accounts deceivable: Email scam costliest type of cybercrime
Business Email Compromise scams are a type of crime where criminals hack into email accounts, pretend to be someone they’re not and fool victims into sending money where it doesn’t belong. These crimes get far less attention than the massive ransomware attacks that have triggered a powerful government response, but BEC scams have been by far the costliest type of cybercrime in the U.S. for years, according to the FBI—siphoning untold billions from the economy as authorities struggle to keep up.
Drivers in Ohio River bridges lawsuit reach preliminary settlement
The plaintiffs in the Ohio River toll bridges billing dispute are asking a federal court to approve a $2.5 million settlement they have reached with Gila, LLC, a subcontractor hired to help with the invoicing and collections operation.
Carmel man gets 2 years in federal prison for defrauding ad agency
A 39-year-old Carmel man was sentenced to two years in federal prison Tuesday for defrauding the Indianapolis-based advertising and public relations agency where he worked out of more than $700,000.
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.
Indiana joins lawsuit against California precious metals company
Indiana is one of 27 states filing a lawsuit against a California company accused of bilking elderly investors throughout the country out of nearly $70 million. Indiana Attorney General Todd Rokita’s office says at least 16 Indiana residents are among the victims who were defrauded by Safeguard Metals.
Judge rejects blocking Indiana online school fraud lawsuit
A judge is allowing state officials to continue with a lawsuit against several people and companies linked with two now-closed Indiana online charter schools facing allegations of a fraud scheme that cost the state more than $150 million.