Durham to be sentenced Nov. 30
Tim Durham and the two other men convicted of running a Ponzi scheme and taking money from investors in Ohio-based Fair Finance Co. will be sentenced Nov. 30.
Fraud
Articles
7th Circuit affirms in part man’s convictions for producing fake documents
There is enough evidence to support two of the three convictions of an East Chicago man stemming from his making and selling various counterfeit documents, but photocopies in his possession cannot support his conviction of unlawful possession of five or more false identification documents.
Remedy is not easy in securities fraud cases
Plaintiffs must meet a high standard after filing complaint to get to the discovery stage.
Attorney facing fraud charges dropping lawyers
Lawyers for a high-profile Indianapolis attorney accused of misappropriating $4.5 million in client funds are requesting to withdraw as his defense counsel just a month before his trial date.
Judges disagree over whether car ad implied drivability
The Indiana Court of Appeals was divided on whether an Indianapolis car dealership was entitled to summary judgment on a buyer’s lawsuit that made Indiana Deceptive Consumer Sales Act, Crime Victims Relief Act, and fraud claims.
Supreme Court divided on whether man’s claims against bank can proceed
Two Indiana justices believed that a man’s actual fraud and tortious interference with contract claims against Old National Bank should go to trial, an opposite conclusion reached by their fellow justices.
Indianapolis attorney facing fraud charges released from jail
Lawyer William F. Conour had been held in a Decatur County Jail since July 25 on a contempt of court charge until a judge on Monday ordered his release. Conour is accused of defrauding clients of $2.5 million.
BrightPoint settles 2 suits against rival Brightstar
Indianapolis-based BrightPoint Inc. has agreed to settle two lawsuits it brought against similarly named rival Brightstar Corp.
42 members of Indianapolis motorcycle club indicted
In what has been described by Southern District U.S. Attorney Joseph Hogsett as the largest federal organized crime prosecution in Indianapolis history, 42 members of the Outlaws Motorcycle Club in Indianapolis have been indicted on various offenses, including extortion and drug charges.
Columbus-area businessman faces federal fraud charges
A Columbus-area businessman is facing multiple federal charges that he defrauded banks, credit unions and investors of more than $10 million.
Hauke receiver files suit against his former accounting firm
The receiver representing investors in the Ponzi scheme run by convicted money manager Keenan Hauke has sued Hauke's former accounting firm, charging that its negligence contributed to millions of dollars in investor losses.
Zoeller: Indiana to get $6.3 million in drug-maker settlement
Indiana will receive more than $6.3 million as part of a national Medicaid fraud settlement with drug-maker GlaxoSmithKline, Attorney General Greg Zoeller said in a statement Monday.
BGBC Partners: Fraud can happen anywhere without prevention measures
Small businesses historically have suffered disproportionately larger losses due to fraud than larger organizations.
Judge orders Durham, Cochran jailed until sentencing
Convicted Ponzi schemers Tim Durham and James Cochran will be held in a federal prison until sentencing under an order issued Monday afternoon by U.S. District Judge Jane E. Magnus-Stinson.
Durham attorney vows to appeal guilty verdict
An attorney for convicted fraud mastermind Tim Durham vowed Thursday to appeal the case to the U.S. Supreme Court if necessary to prove his client did nothing wrong.
Durham found guilty on all counts
A federal jury found attorney and financier Tim Durham guilty Wednesday on all 12 felony counts stemming from what prosecutors charged was a massive Ponzi scheme that cost investors in Ohio-based Fair Finance more than $200 million.
Trial evidence shows desperation in Fair Finance’s final days
The men who presided over Fair Finance were at their wits end by late 2009. In government-recorded phone calls and intercepted emails introduced as evidence in U.S. District Court this week, they come across as exhausted, angry and determined.
Disciplinary Commission investigates Conour
The Indiana Supreme Court Disciplinary Commission is recommending the justices discipline Indianapolis attorney William Conour for allegedly settling a client’s case without the client’s knowledge and depositing the settlement into his trust account.
7th Circuit affirms lower court in elaborate mortgage fraud case
The 7th Circuit Court of Appeals has affirmed a District Court’s conviction and sentence for a man who defrauded buyers and lenders in northern Indiana.
COA split on whether judgment on pleadings was proper
In a lawsuit against an attorney, law firm and the firm’s insurer, the Indiana Court of Appeals was divided in its ruling over whether the trial court correctly granted the insurer’s motion for judgment on the pleadings.