Posts Tagged ‘us’

Ind. businessman indicted, faces SEC fraud charges (AP)

AP – A former Indiana businessman who served for years as National Lampoon’s chief executive was arrested Wednesday on charges he ran an elaborate Ponzi scheme that defrauded investors of more than $200 million to help fund a lavish lifestyle, includin…

US stocks dive; Dow down over 240 points (AFP)

AFP – US stocks dived Wednesday as investors worried about the growing Japan nuclear crisis and tensions in the Arab world, as well as weak US economic data.

Ind. businessman indicted, faces SEC fraud charges (AP)

AP – An Indianapolis businessman and top Republican donor has been indicted on charges stemming from an investigation into whether he operated a Ponzi scheme to defraud investors of hundreds of millions of dollars.