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Trial Begins for Indiana Man Accused of $200 Million Ponzi Scheme

The trial of an Indianapolis businessman accused of orchestrating a Ponzi scheme that bilked victims out of more than $200 million began last week in an Indiana federal court. Tim Durham has been charged with twelve felony counts of securities fraud, wire fraud, and conspiracy to commit wire and...

Prosecutors: 225-Year Sentence Appropriate for "Greediest, Most Selfish and Remorseless" Ponzi Schemer

Prosecutors urged a federal judge to adopt a 225-year sentencing recommendation for an Indiana man convicted of running a $200 million Ponzi scheme, arguing a guaranteed life sentence was appropriate for someone they described as one of the "greediest, most selfish and remorseless of criminals."...