Straight Talk

The purpose of this blog is to provide education and news that will help clients through the litigation process.

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Scott Starr and Shannon Starr will be giving a presentation on securities law at the annual Association of Certified Fraud Examiners (”ACFE”) Professional Development Conference on September 17, 2014 from 9:10am-11:05am. The conference will take place at the following location: PATCtech 5325 Decatur Boulevard Indianapolis, IN 46241 You may register for the conference here. The [...] Read More
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Indianapolis-based accounting firm DeWitt & Shrader PC agreed to settle a lawsuit brought by a receiver appointed for Samex Capital Partners, LLC involving the way it provided services for convicted Ponzi schemer Keenan Hauke. The suit alleged that DeWitt & Shrader violated the Indiana Securities Act and committed negligence and fraud, as well as breach [...] Read More
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An appellant court recently ruled that the wife of a Ponzi scheme operator must pay more than $114.5 million in damages to victims of the Ponzi scheme her husband ran before he committed suicide. Ponzi scheme operator John Otto committed suicide to evade the consequences of his mega-theft after his clients found out they were [...] Read More
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If your investments went south, would you be totally responsible, or could your broker share some responsibility? According to the article, “Duty of a Brokerage Firm” by Mitchell & Associates, brokerage firms have the fiduciary responsibility to act in good faith for the benefit of their clients, even when clients may want to pursue risky [...] Read More
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What started as a challenge to take over ownership and management of her family farm became a precursor to what estate planning attorney Polly Dobbs would do for family farms and family businesses across Indiana. In an interview on the Consumer AG Connection radio show (click on the link and scroll down to Passing on [...] Read More
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If Ball State University could be duped by an unscrupulous investment advisor, any other investor -- including you -- could also be scammed. This is perhaps the biggest lesson to be learned from the 2013 case in which Seth Beoku Betts, founder of Betts & Gambles LLC, was sentenced in a Manhattan federal court to [...] Read More
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How can a family farm or business continue to be successful from one generation to the next? By transferring not only the assets, but also the knowledge and nuances of the operation. No one knows this better than estate planning attorney Polly Dobbs, who specializes in estate planning and wealth transfer at Starr Austen & [...] Read More
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Unequal Responsibility, Fair Treatment If a family farm or business is getting passed on to several children, but one child assumes responsibility for the day-to-day work, how do you devise a “fair and equitable” agreement? Polly Dobbs, estate planning attorney at Starr Austen & Miller LLP, has experience drafting such estate succession agreements for her [...] Read More
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Scott Starr was recently featured in the “Leader in Litigation” series by Wilson, Kehoe & Winingham, a well-known law firm that recognizes some of Indiana’s most interesting and accomplished lawyers. The article introduces you to one of Scott’s favorite former clients, a librarian known as “Jean” who invested in a small startup company that developed [...] Read More
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Legislation that could help victims of Ponzi scheme investment fraud recover more of their cash losses was introduced last November in the U.S. House and Senate. U.S. Sen. Charles Schumer (D-N.Y.) and Sen. David Vitter (R-La.) introduced the senate bill to benefit victims of the Albany, N.Y., McGann, Smith & Co. case, and victims of [...] Read More