Judge rejects Durham’s bid to dismiss SEC civil suit
Ponzi scheme operator Tim Durham has failed to persuade a federal judge to dismiss the government’s civil action against him and other convicted accomplices.
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Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
The former chief financial officer of Ovation Audio-Video Solution LLC received a three-year suspended sentence Monday after pleading guilty to securities fraud in connection with a scheme that allowed him to embezzle more than $600,000 from the company.
Indiana Supreme Court disbars Tim Durham
The Indiana Supreme Court disbarred Indianapolis attorney Tim Durham Wednesday because of his “fraudulent looting of funds entrusted to him by investors.” Durham is currently serving a 50-year sentence for 10 counts of wire and securities fraud.
Anderson man indicted on fraud charges
A former Indiana Department of Correction officer has been indicted by a federal jury for committing wire fraud and making false declarations in a federal lawsuit.
7th Circuit reversal: Conour fraud victims, not creditor, take priority
Fraud victims of disgraced former lawyer William Conour have the upper hand over his former law firm creditor who was awarded a judgment of almost $775,000, the 7th Circuit Court of Appeals ruled Thursday, reversing the District Court and signaling too much may have been awarded.
US health fraud stings net 301 people this year, most ever
The U.S. charged 301 people this year in a series of medical fraud sting operations, the most ever, for allegedly running scams that bilked the government out of $900 million.
Home Depot: US credit card firms slow to upgrade security
Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of hacking attacks by cyber thieves, The Home Depot Inc. says in a new federal lawsuit.
As Koch brothers cling to Madoff cash, a new legal battle arises
Billionaire brothers Charles and David Koch have made plenty of good business decisions over the years. Placing millions of dollars with Ponzi-scheme mastermind Bernard Madoff may have been one of them.
Judge orders release of documents in Trump University suit
A federal judge with connections to Indiana is ordering the release of Trump University internal documents in a class-action lawsuit against the now-defunct real estate school owned by presumptive Republican presidential nominee Donald Trump.
Madoff sons’ fight over cash endures long after their deaths
The trustee unwinding Bernard Madoff’s Ponzi scheme is losing patience with the estates of the con man’s dead sons.
Indiana gets $9.2M in Wyeth Medicaid fraud settlement
Indiana’s Medicaid program will recoup $9.2 million from a drugmaker that underpaid rebates the state was owed for prescription drugs, Attorney General Greg Zoeller’s officer said in a news release Friday.
Ex-lawyer who lied to lenders in Maxim deal gets prison time
A former lawyer at Bryan Cave LLP was sentenced to six months in prison for lying to lenders as part of a failed scheme to buy Maxim Magazine through impersonation, a false email and stolen money.
Attorney: NCAA also deserves blame in UNC fraud scandal
An attorney representing two ex-University of North Carolina athletes says the school and Indianapolis-based NCAA are both responsible for UNC's long-running academic fraud scandal that he says denied athletes a quality education.
Lawyer in massive disability fraud case could be released
Eric C. Conn, the Kentucky lawyer accused of conspiring to defraud the government of $600 million in questionable federal disability payments, could be released from jail pending trial.
Patriots fans sue NFL over team’s ‘Deflategate’ punishment
A group of New England Patriots fans have sued the NFL in an effort to recover the first-round draft pick taken from the team as punishment for the "Deflategate" scandal.
Former Madoff aides claim race-baiting in conviction appeal
Five former Bernard Madoff employees who were convicted of aiding the con man’s $17.5 billion fraud asked for a new trial, arguing that the lead prosecutor, who is black, improperly alluded to race when he asked the mostly minority jury to have the “courage” to convict.
COA: Contract can be rescinded after land misrepresented
The Indiana Court of Appeals found a rental company could rescind its purchasing contract for a tract of land after the company that owned the land misrepresented it to the buyer.
‘Quasi-contract’ not enough in fraud suit
The 7th Circuit Court of Appeals said a “quasi-contract” was not enough to pursue damages in a fraud case where one additive was unknowingly substituted for another.
7th Circuit affirms $34.2M in fraudulent transfer case
The 7th Circuit Court of Appeals upheld a ruling from the Southern District of Indiana that a company needs to pay $34.2 million for a crop-insurance business it bought and later sold to other companies it also controlled.
7th Circuit dismisses appeal due to waiver
The 7th Circuit Court of Appeals dismissed a man’s appeal of his 21-month sentence and three years of supervised release because he waived his right to appeal in district court. Circuit Judge David Hamilton said the court didn’t see any reason to overlook the waiver.