‘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.
Fraud
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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.
Walton sentenced to 9 years for role in Indy Land Bank scheme
Reggie Walton, the former director of the Indy Land Bank, was sentenced Monday to nine years in federal prison for his role in a scheme in which he received kickbacks for fraudulently directing the sale of abandoned or tax-delinquent properties.
Federal court rejects convicted financier’s sentence appeal
A federal appeals court has rejected a former Indianapolis businessman's bid to shorten his 50-year sentence for defrauding investors of $200 million.
Indiana AG sues 3 companies in alleged tax-sale scheme
Indiana is suing three out-of-state companies for allegedly orchestrating a scheme that bilked dozens of state residents out of millions of dollars after their homes were sold in tax sales.
Former Indy developer going back to prison for a year
Former Indianapolis developer Sydney “Jack” Williams avoided legal disaster six years ago when prosecutors concluded he was an unwitting participant in a Miami fraudster’s $930 million Ponzi scheme.
Attorney general sues ex-Gary employee over fraud scheme
Indiana Attorney General Greg Zoeller has filed a lawsuit in Lake County against a former city of Gary employee who he says used her former position in the information technology department to defraud the city of nearly $1.4 million.
GM accuses ignition-switch trial plaintiff of dream-house fraud
An Oklahoma man suing General Motors Co. in the first trial over a deadly ignition switch flaw lied to the jury about his family’s eviction from its “dream house” after he committed fraud against a real estate agent, the company says.
Ringleader in $90M fuel scam sentenced to 20 years
The ringleader of a $90 million biodiesel scam operated in central Indiana was sentenced Thursday to serve 20 years in prison and to pay more than $56 million in restitution for his role in the fraud.
Shkreli’s lawyer accused of templating sham retrophin share deal
A handcuffed Evan Greebel walked out of the FBI’s New York headquarters a few steps ahead of ex-Retrophin Inc. CEO Martin Shkreli, but prosecutors say the men were side- by-side when it came to a multimillion dollar fraud at the company’s expense.
2 ex-Dewey officials told to take plea or face retrial
Prosecutors offered a choice to two former Dewey & LeBoeuf LLP executives charged with lying to the law firm’s investors: take a plea deal or face a jury for the second time
Forget the lawyers: Here’s what will decide the Volkswagen suits
Since the day it came out that Volkswagen AG cheated diesel-emissions tests, U.S. consumers have been suing and lawyers have been wrangling over where the cases will be heard. But for the cars’ owners and Volkswagen, that fight – the centerpiece of a hearing Thursday in New Orleans –doesn’t matter so much because the legal case is actually quite simple.
Suit accuses owners of home-repair firm of serial fraud
Indiana Attorney General Greg Zoeller sued the two owners of Carmel-based Green Frog Restoration Inc. on Tuesday, charging they scammed at least 41 Indianapolis-area residents out of more than $280,000 after one of them conducted similar schemes against Ohio and Kentucky residents.
Madoff aides won’t face longer terms as U.S. drops appeal
U.S. prosecutors dropped their bid to boost the prison terms for five of Bernard Madoff’s ex-employees, who received “merciful” sentences after being convicted of aiding his $17.5 billion fraud.
Prosecutors indict 36 in alleged insurance fraud scheme
Federal prosecutors have indicted 36 people in an insurance fraud scheme alleging that they staged car crashes and filed false insurance claims.
Ernst & Young faulted for relying on Madoff’s word, audits
Ernst & Young LLP erred by taking Bernie Madoff at his word when it signed off on audits of a fund that helped feed the biggest Ponzi scheme in U.S. history. The firm then stumbled by trusting the con man’s now-disgraced ex- accountant, a jury in the first trial of its kind was told.
Indiana officer faces 13 felonies including voter fraud
A police officer faces 13 felony charges in connection with the 2015 primary election in Ohio County.
US prosecutors probing UN have plenty of work, documents show
When U.S. federal prosecutors charged a senior United Nations official on Tuesday, it was the Justice Department’s first foray into the activities of the international organization in a number of years. The prosecutor behind the push says there’s more to investigate – and internal UN documents suggest he has a point.
Representing self, Conour types motions seeking release
Convicted fraudster and ex-attorney William Conour has asked a judge to free him from prison less than two years into his 10-year sentence for defrauding dozens of personal injury and wrongful death clients of nearly $7 million.