On May 24, 2010, An investigation by Indiana Secretary of State Todd Rokita’s Prosecution Assistance Unit has led to the arrest of Robert Kyle Buchanan of Cincinnati by the Indianapolis Metropolitan Police Department for three felony violations of the Indiana Commodity Code. The charges filed by the Vanderburgh County Prosecutor’s Office allege that Buchanan sold an unregistered commodity contract, acted as an unregistered commodity merchant, and committed fraud within the transaction, all of which are C felonies.
On May 3, 2010, An investigation by Indiana Secretary of State Todd Rokita's Prosecution Assistance Unit (PAU), part of the Indiana Securities Division has resulted in the filing of four felony charges for alleged violations of the Indiana Securities Act. Majik Moore, of Indianapolis, was arrested and charged with selling unregistered investments in a real estate company and committing fraud within those transactions.
On April 30, 2010, An investigation and lengthy receivership action initiated by Indiana Secretary of State Todd Rokita’s Indiana Securities Division, represented by Indiana Attorney General Greg Zoeller’s office, has resulted in a settlement agreement that will restore more than $14.6 million in cemetery trust funds associated with Ansure Mortuaries.
On March 26, 2010, Indiana Secretary of State Todd Rokita’s Prosecution Assistance Unit is partnering with the Clinton County Prosecutor on a mortgage fraud investigation that has led to the arrest of James R. Hudson, Jr. of Lafayette for a felony violation of the Indiana Loan Broker Act. The charges filed concern allegations Hudson misappropriated money from the proceeds of a client’s refinanced mortgage. If convicted, Hudson could receive up to three years in prison for the Class D felony count.
On March 18, 2010, Indiana Secretary of State Todd Rokita praised the Indiana General Assembly for passing into law his office's suggestion for how to creatively leverage fines and settlements collected from law violators. House Bill 1332, an innovative law passed in the final hours of the 2010 session, will establish a Securities Restitution Fund, a pioneering investor protection program believed to be the first of its kind created by any state. The Securities Restitution Fund will tap into the Securities Enforcement Fund, which for years has been used to educate Hoosiers and to finance the operations of the Indiana Securities Division and the Prosecution Assistance Unit.
On March 17, 2010, A Franklin County jury has convicted defendant Christopher West of Connersville on three felony violations of the Indiana Securities Act. The guilty verdicts result from a joint investigation involving Indiana Secretary of State Todd Rokita’s Prosecution Assistance Unit (PAU) and the Indiana State Police. Franklin County Prosecutor Melvin Wilhelm filed the felony charges against West in November of 2009.
On February 4, 2010, The Gibson County Sheriff’s Department arrested Daniel Murry and George Duncan of Princeton today on felony violations of the Indiana Securities Act concerning allegations they stole money people had given them to invest in a pair of health care companies. The arrests come after a joint investigation conducted by Indiana Secretary of State Todd Rokita’s Prosecution Assistance Unit (PAU), the Indiana State Police and the Gibson County Sheriff’s Department. Murry faces seven felony counts while Duncan faces three. Each man is facing up to eight years in prison for each felony count.
On January 7, 2010, A joint investigation involving Indiana Secretary of State Todd Rokita’s Prosecution Assistance Unit (PAU) has resulted in a securities fraud conviction in Johnson County. Wanda Robertson pleaded guilty this week to three Class-C felony violations of the Indiana Securities Act. She was sentenced to four years executed in prison and four years suspended. The conviction comes after an investigation conducted by the Indiana State Police with assistance from the PAU leading to charges filed last year by Johnson County Prosecutor Brad Cooper. Robertson has been held in the Johnson County jail on a $72,000 bond since March.