WFHB Bloomington Community Radio
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The 2008 economic downturn exposed to the country the broad impact of financial fraud, conducted by banks, stock traders, financial institutions, and Ponzi schemes – also known as white collar crimes. This year, Joseph Hogsett, the United States Attorney for the Southern District of Indiana has pushed for greater investigation and prosecution of white collar criminals in Indiana. Earlier this summer Indiana millionaire Tim Durham and his two business partners were found guilty of a Ponzi scheme amounting to $200 million stolen from over 5 thousand investors. On July 5th, Hogsett’s office announced an indictment of businessman Todd Vannadda for over 10 million in fraud, including over 3 million obtained illegally from local financial institution Monroe Bank, which has since been sold to Old National. WFHB news director Alycin Bektesh questioned Hogsett this afternoon about the impact these crimes have on Hoosiers, for this WFHB feature exclusive.
