INDIANAPOLIS - The last refund checks to investors who lost millions in what amounted to a religious Ponzi scheme are ready to be mailed after being tied up in court for nearly a decade.
Court-appointed receiver Michael Rusnak says about $2 million in repayments is expected to be mailed by Sept. 15 to investors in Alanar, an Indiana brokerage that scammed investors into buying bonds to help churches that also were scammed.
It's the final installment in about $60 million in repayments to more than 6,000 investors, many of whom sank their life savings into the company that used a religious sales pitch. Most of them get back about half their money.
The case began in 2005, when the government froze Alanar's assets. Founder Vaughn Reeves Sr. was sent to prison.
Black Friday shopping begins; police urge care
The turkey wasn't even cold Thursday before people began lining up outside store fronts, ready to pounce on Black Friday deals.
IFD close to 10,000 fire inspections for 2014
Indianapolis' crime-fighting strategy has evolved to include things beyond cuffing criminals – that means addressing abandoned…
Monrovia couple charged with fundraising theft
A Monrovia couple is charged with five counts of theft and one count of corrupt business influence after police say they spent thousands of…
Volunteers serve up Thanksgiving dinner
In Franklin, 800 holiday meals were served Thursday for the seventh year in a row at the Johnson County Fairgrounds.
Volunteers keep shelter running on Thanksgiving
The Humane Society of Indianapolis is closed to the public on Thanksgiving and other major holidays, but dozens of volunteers are working…
Cold and snow lead to icy conditions, crashes
The holiday got off to a bumpy start for some drivers who ran into icy roads Thursday morning.