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Ponzi Schemes

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How is the Internet used to defraud investors?

Internet sites such as Facebook, Twitter, YouTube, Linked-In and the like have become prime sources for finding and sharing information for investors, who can research stocks, check out financial advisors and brokers, get the latest investor news, develop investment strategy or communicate with other investors and advisors. However, the Internet has also become a useful tool for investment fraud, with online perpetrators becoming increasingly good at looking like a legitimate presence with fraudulent websites, email and other communications. Some examples: Unsolicited offers — check that chat! Social media sites, including chat rooms and bulletin boards, are key places for fraudsters to find victims....

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William M. Harrison of West Lafayette Dies in Construction Accident in Shadeland, Indiana

A 911 phone call from a lot near 300 South and Henry Street in Shadeland came into the Tippecanoe County Sheriff's Department shortly before 9:28 a.m. Wednesday morning, stating that a concrete mixer had rolled into a pool.  According to Tippecanoe County Sheriff's Department Lieutenant Ron Faith, construction crews were trying to fill a dug out pool with concrete when the earth embankment caved in and the truck overturned into the pool.  William M. Harrison, of West Lafayette was in the pool and was trapped under the truck when it rolled on top of him.  Mr. Harrison was pronounced dead...

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Marla L. Fry of Valparaiso Killed when Semi Runs Red Light

A 2009 Freightliner owned by Old Dominion of Thomasville, North Carolina, pulling double trailers was westbound on U.S. 30 early Tuesday afternoon, in the right lane when the driver, Roberto Sanchez, 52 of Charlotte, North Carolina, started coughing.  Sanchez's co-driver was asleep in the sleeper berth of the semi.  According to reports, Sanchez began coughing uncontrollably and while he realized the light for westbound traffic had turned red, he was unable to stop, hitting a SUV traveling south on 600 West, driven by Marla L. Fry, 43, of Valparaiso, Indiana. According to the Indiana State Police, the impact caused both vehicles...

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Starr Austen & Miller appointed in Keenan Hauke Ponzi Scheme

[youtube_sc url=http://www.youtube.com/watch?v=bkY2x_bL8nk rel=0 fs=1 autohide=1 modestbranding=1] LOGANSPORT, Ind. —Mario Massillamany of the Indiana law firm of Starr, Austen & Miller, LLP, has announced the firm’s selection as attorneys for the Receiver in the case of a prominent Indiana money manager, Keenan R. Hauke, who late last year plead guilty to a large Ponzi scheme. The court in Hamilton County Superior Court 4 in Indiana has approved Starr Austen & Miller’s to initiate litigation to “recover additional funds for the Receivership estate” in the case “State of Indiana et al., v. Keenan R. Hauke, et al.,” under cause number 29D04-1104-PL-003478. The court-appointed Receiver...

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Edna Mast of Goshen Dies in Three-Vehicle Crash on Dangerous Stretch of State Road 13 near Middlebury

A 2007 Freightliner semi driven by James Everett of Three Rivers, Michigan, crashed into two cars on State Road 13 south of the intersection of County Road 24 Monday afternoon around 2:30 p.m.  Goshen resident, Edna Mast, 68, was pronounced dead on the scene in the chair-reaction crash.  Witnesses say that Mast had slowed to avoid a bicyclist and a 2000 GMC Jimmy, driven by Donald Smith, 38, of Elkhart, also slowed. The semi driven by Everett saw the Buick slowing but did not see any brake lights.  Everett said he swerved to try and avoid the collision but was unable...

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Juan Cardenas Found in Baptismal Pool

Starr Austen & Miller are investigating the death of 1-year-old Juan Cardenas who was found submerged in a baptismal pool Wednesday at a day-care center he attended located in Praise Fellowship Assembly of God, 6700 Michigan Road, on Indianapolis' Northwest side. According to police, a therapist had arrived to begin a session with the boy, but he could not be found.  Employees were asked to help look for Juan and they told police that they found him in the baptismal pool, which contained water about 2' deep.  Baptismal pools generally hold water for baptism and vary in size and shape.  He...

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Arnold O. Rexroad Killed when Semi Jackknifes in Hendricks County

On February 14, 2012, a semi driven by Arnold O. Rexroad, 64, of Effingham, Illinois, became disabled on the eastbound shoulder of I-70 between mile markers 51 and 59, near Monrovia, Indiana, in western Hendricks County, and was hit by a second semi. Rexroad was in the process of being towed when a 2003 green Freightliner, pulling two trailers and being driven by Richard C. Maples, 60, of Wilmington, Ohio, lost control of his semi on wet pavement caused when his second trailer jackknifed.  The second trailer struck Rexroad's semi from behind and pushed the disabled semi forward into the wrecker. Mr....

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Self-Directed IRA Fraud May Be On The Rise In Indiana

Many people saving for retirement have socked their money in IRAs, which are a type of retirement account with tax advantages. However, there is now a new breed of IRA on the block, called the self-directed IRA, and although it is perfectly legal it has been used for fraudulent purposes by schemers and fraudsters recently, across the country, including in the State of Indiana. Self-directed IRAs are similar, in many ways, to regular IRAs. However, the key difference is that the types of investments you can hold in a self-directed IRA are much broader than in a traditional one. This broad...

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Accident in Carmel at 111th Street and Pennsylvania Kills Meyer P. Nahmias

Meyer P. Nahmias was driving his Cadillac northbound on Pennsylvania Street when a car being driven by John Charles Nickel, traveling west on 111th Street, did not stop at the stop sign and collided with the Cadillac.  Nahmias, an 85-year old man, was pronounced dead at IU North Hospital from the injuries he sustained from the crash.  Nickel, a 90-year old, was treated at St. Vincent Hospital located on 86th Street. The intersection of Pennsylvania and 111th is a 2-way stop and is just north of a roundabout on 106th Street.  Read the full article at IndyStar.com. If you have any additional...

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