MUNCIE, Ind. - A man convicted of bilking Ball State University out of $8 million in a fraudulent investment scheme has been sentenced to four years in a prison.
Thirty-eight-year-old Seth Beoku Betts was sentenced Thursday in U.S. District Court in New York City. He was arrested in June 2013 in North Carolina on a wire fraud charge stemming from a scheme prosecutors say Betts used to misappropriate more than $8 million from Ball State.
The Star Press reports Betts persuaded a Ball State investments director to invest millions in the mortgage market, but instead spent the money on luxury cars, a house in Florida and other personal indulgences.
Ball State President Jo Ann Gora says the Muncie school isn't "the first university to have been victimized by unscrupulous firms."
The Indianapolis International Airport has picked up another award for itself.
Fried chicken is good hot, it's good cold, it's good on a sandwich or covered in buffalo sauce.
There's no cure for Parkinson's disease, but in Indiana, people are choosing to move to take their lives back.
The city of Indianapolis could be on the verge of ending a controversial $32 million contract for electric vehicles.
A person was killed Monday night in a hit-and-run on State Road 9 south of Shelbyville.