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Evansville Based Company Ordered To Pay $31.9M To SEC For Biofuel Fraud

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Dave Stafford for www.theindianalawyer.com

Evansville-based Imperial Petroleum Inc. has been ordered to pay nearly $32 million to the Securities and Exchange Commission after it failed to reply to the SEC’s court filings seeking damages in a biofuels fraud case that resulted in prison time for the former company president.

Senior Judge William T. Lawrence on Friday ordered Imperial to disgorge $26,776,235 in the SEC’s enforcement action along with $5,124,823 in prejudgment interest.

The SEC initiated an enforcement action against Imperial in 2013, claiming the company had cheated victims out of more than $100 million. The SEC claimed Imperial subsidiary E-biofuels of Henry County falsely claimed it was producing biofuels to fraudulently obtain tax credits and government incentives. The company was accused of passing off biofuels purchased from other sources as its own to claim the credits.

E-biofuels filed for bankruptcy in April 2012, but its founders and Imperial’s former president were sentenced for the federal prison in 2016. Former Imperial president Jeffrey Wilson was sentenced to 10 years, while E-biofuels co-founders Chad Ducey was sentenced to seven years in prison and his brother Craig Ducey received a term of six years, two months behind bars.

Wilson’s convictions on 21 counts of securities fraud and making false statements was affirmed in January by the 7th Circuit Court of Appeals.

 

 

 

 

 

Farmers React To Tariffs During Harvest

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Farmers React To Tariffs During Harvest

Early numbers show yields from this year’s harvest are up. However, prices are down, and farmers are hoping the White House does something to help improve their bottom line.

“In the incoming years, especially next year people will have to watch their income dollars, expenses in the spring that they keep them down enough to make a profit or break even with the low prices,” says a farmer, Ralph Gries.

Ralph Gries is in the middle of harvesting the crops he’s grown, but two significant factors may reduce the price he gets for the crops. One is the nice weather, which produced an abundant supply of grain. The other is the trade war with places like China.

“We are very concerned about that. Just that fact of productivity and what our dollars will mean to us. You take that away from us, that takes our profit away,” says Gries.

However, officials say things will likely get worse before they get better.

“Dollars coming in will not be enough to cover all of their expenses this year. So where do they get extra money to pay their expenses? Well obviously this government assistance is going to be helpful, and it is, for soybeans, a significant amount of money,” says Agricultural Economist, Chris Hurt.

The Trump administration has instructed the United States Department of Agriculture to make payments to farmers for the first half of production. However, it will not make up for all of Farmer’s losses.

“It will help, but it shouldn’t be our resolution for this the government shouldn’t have to take care of everybody,” says Gries.

Aside from trying to cut costs, farmers like Gries may hold onto their crops longer than usual at hopes prices rebound.

“Farmers probably will hang onto their crops a little bit longer to try to catch if this tariff does change around and to you know to take advantage of that the best they can. Some of them obviously have to sell crops to pay their bills, but they will be watching that closely,” says Gries.

Evansville Fire Chief Receives Top Honor at Conference

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Evansville Fire Chief Receives Top Honor at Conference

Evansville Fire Chief Mike Connelly, as well as the department as a whole, were recognized at the Indiana Emergency Response Conference.

Chief Connolly was honored at the conference as “Fire Chief of the Year.”

The Evansville Fire Department also walked away with an honor after being named “BLS Provider of the Year.”

Other nominations included Jamie Phillips for Firefighter of the Year and Angela Webb for Paramedic of the Year.

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Indiana Receives $9M Grant For Student Mental Health Needs

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Indiana Receives $9M Grant For Student Mental Health Needs

Indiana education officials say a $9 million federal grant will boost efforts to help Indiana students struggling with mental health issues. The five-year grant was awarded through a program called Project Aware.

That program is designed to increase awareness of students’ mental and emotional health issues and helps expand school-based mental health teams.

Right now the program is in place in Vigo County, Perry Central School Corporation in Indy and Avon.

The state hopes to work with other districts to expand the program.

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SOUTHWEST INDIANA CHAMBER HOSTS THE ANNUAL MEETING & DINNER FEATURING YEARLY BUSINESS AWARDS

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The Southwest Indiana Chamber will host the Annual Meeting & Din­ner from 5pm to 8pm at Old National Events Plaza.

Annual Meeting & Dinner signifies the change in board leadership. We celebrate successes of the past year, look ahead to a new year and honor local business and their leaders. At this signature event, awards are pre­sented to the most outstanding businesses and individuals of the year including Small Business of the Year, Business of the Year, Volunteer of the Year, Non-Profit of the Year, Business Person of the Year, Entrepreneur of the Year, and Young Professional of the Year. This event attracts Chamber Members, elected and appointed officials, key community leaders and our strategic partners. This event is the largest Chamber networking event of the year.

This year we are very pleased to announce our keynote speaker will be UE men’s head basketball coach Walter McCarty.New this year! An online silent auction will be available for participation to benefit the Southwest Indiana Chamber Foundation.

Gold Sponsor: Vectren; Silver Sponsors: BKD CPA’s & Advisors, Deaconess, Old National Bank and 106.1 KISS FM, MY 105.3 WJLT, 99.5 WKDQ, News Talk 1280 WGBF-AM, 103 GBF

About Southwest Indiana Chamber

Since 1915, the Southwest Indiana Chamber has been a trusted ally of the regional business community. Today we are one of the state’s largest, strongest, and most impactful nonprofit business organizations, representing a total membership of more than 1,500 businesses, organizations, and agencies. About one-third of members have invested in our organization for 10 or more years. While nearly all major employers in our region invest in the Southwest Indiana Chamber, 71% of our member businesses have 25 or fewer employees.

Learn more about the Chamber, our members, and the Southwest Indiana regional business community at www.swinchamber.com. 318 Main St., Suite 401, Evansville, IN 47708.

DEMOCRATIC CALENDAR

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Evansville Attorney Disciplined For Lack Of Diligence

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IL for www.theindianalawyer.com

The Indiana Supreme Court privately reprimanded an Evansville attorney Friday after he failed to act with reasonable diligence and promptness in communicating with clients whose homestead was burned in an act of vandalism that appeared to be racially motivated.

The order approving John Goodridge’s discipline was signed by Chief Justice Loretta Rush Sept. 14, according to the court order.

A complaint filed in Feb. 2018 alleged Goodridge had failed to act with reasonable diligence and promptness on behalf of family members who owned the homestead who reached out to him and another attorney for representation concerning the homestead, possible recovery, and the failure of a mortgagor to pay for repairs to the home.

Goodridge allegedly only made six communications with clients between February 2013 and January 2015, in violation of Rule of Professional Conduct 1.3, the complaint said. During that time, Goodridge did not send any letters or other correspondence to the additional clients in the case, the bank or anyone on behalf of the clients.

The complaint also says Goodridge had no contact with the clients between Jan. 2015 and May 2016 before he was required to withdraw from the case due to conflicts of interest after a rift between the clients.

The Supreme Court imposed a private reprimand against Goodridge and assessed the costs of the proceedings against him.

SWIRCA Brewfest 2018

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Date & Time:
Saturday, September 22, 2018
6:00 p.m. – 9:00 p.m. CDT

Location:
Historic Bosse Field
1701 North Main Street
Evansville, IN 47711

VANDERBURGH COUNTY FELONY CHARGES

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Below are the felony cases to be filed by the Vanderburgh County Prosecutor’s Office today.

Adjani Dee Dowell: Operating a motor vehicle after forfeiture of license for life (Level 5 Felony), Operating a vehicle as an habitual traffic violator (Level 6 Felony), False informing (Class B misdemeanor)

David Wesley Helvey: Possession of a synthetic drug or synthetic drug lookalike substance (Level 6 Felony), Public intoxication (Class B misdemeanor)

Jennifer Lynn Hagan: Theft (Level 6 Felony)

Dennis Darnell Johnson: Operating a motor vehicle after forfeiture of license for life (Level 5 Felony), Operating a vehicle as an habitual traffic violator (Level 6 Felony)

Tyson Lee Moll: Possession of a narcotic drug (Level 6 Felony), Possession of methamphetamine (Level 6 Felony), Unlawful possession or use of a legend drug (Level 6 Felony), Carrying a handgun without a license (Class A misdemeanor), Possession of marijuana (Class A misdemeanor), Possession of paraphernalia (Class C misdemeanor)

Marcus Wayne McGrew: Carrying a handgun without a license (Level 5 Felony), Possession of methamphetamine (Level 6 Felony), Unlawful possession of syringe (Level 6 Felony), Possession of marijuana (Class A misdemeanor)

Terry Wayne Buchanan: Possession of methamphetamine (Level 6 Felony), Possession of marijuana (Class B misdemeanor)

ACCLAIMED JIMMY CHURCH BAND RETURNS TO 421 THIS WEEKEND!

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With its dynamic ensemble performance, the Jimmy Church Band has traveled the world for decades delivering high-caliber musical entertainment that blows audiences away!  They’ve played for U.S. military troops, celebrities and large corporations.  And in a special wedding edition, Vogue magazine even named them the #1 BEST BAND!

Highlighting the group’s artistry are a rhythm section, a horn section, dazzling choreography and the titillating voices of two beautiful singers known as Cinnamon and Spice.

Their musical repertoire reaches deep into the Motown sound and spans hits from the ‘50s to today.

If you like Aretha, the Drifters, the Spinners, the Platters, the Temptations, the Four Tops, the Isley Brothers, Wilson Pickett, Tina Turner, Whitney Houston, Mariah Carey, the Jackson Five, and Roy Orbison, you’ll want to witness the Jimmy Church Band live in synchronized action!

See them at 421 Casino Lounge on Friday, September 21 from 7PM – 12AM and on Saturday, September 22 from 7PM – 10:30PM.

After the show, party into the night with DJ Dadi!  His smokin’ turntables of fire will keep you on the dance floor from 11PM-2AM at 421 Casino Lounge!  No admission fee, just a two-drink minimum for a night of fun!

For more information, contact Bobbi Warren, Bobbi Warren Productions, at 812-401-0094 or bobbi.warren@att.net.

About Tropicana Evansville

Tropicana Evansville is a multi-million dollar entertainment complex located on the scenic banks of the Ohio River in southwestern Indiana.  The single-level 24-hour casino encompasses 45,000 square feet of gaming space featuring over 1,100 slot games, over 30 table games, a dedicated Poker Room and a High Limit Room. Accommodations include a 243-room hotel tower and a 95-room boutique hotel. The property showcases an ultramodern entertainment lounge, four dining options, four bars, conference center, riverfront event center and a 1,660-vehicle attached parking garage.

 

Must be 21. Gambling Problem? Call 1-800-9 WITH IT. For more information, visit www.tropicana.net or: