Business

Indiana-based American Senior Communities is suing its former executives over claims they embezzled millions from the nursing home company in a years-long kickback scheme.

The civil suit follows a major federal money laundering and fraud indictment last fall.

Former American Senior Communities CEO James Burkhart and his COO Daniel Benson were indicted in October 2016 on charges of money laundering and fraud.

Indiana’s unemployment rate last month took its largest single-month jump in more than eight years.

Four months ago, Indiana’s unemployment rate had its biggest one-month improvement in more than 20 years. That trend is now going the other direction in August, as the state suffered its largest single-month increase in the unemployment rate since March of 2009.

State lawmakers vented frustrations Tuesday at a lack of details on what unemployment and employer tax fraud costs the state.

At the sole meeting of a summer study committee on those issues, regulators said the state may be missing millions in revenue because of fraud – but couldn’t say how much they’ve clawed back.

State workforce development officials say Indiana has the second-lowest benefits fraud rate in the nation – after Hawaii – and has saved more than $200 million by preventing and collecting on fraud in the past three years.

Central Indiana To Compete For Amazon HQ2

Sep 11, 2017

Business and political leaders in the Indianapolis-area announced Monday that the city will make a proposal for Amazon’s next headquarters. The group has 30 days to submit their proposal to the tech giant.

Indianapolis mayor Joe Hogsett made the announcement alongside Scott Fadness, mayor of Indy suburb Fishers. The bid to lure the Amazon headquarters to Indiana will be a region-wide effort, including nine counties.

UPDATE: Indianapolis officials have since announced their plans to formally bid for the Amazon project. Read the story here

State officials won’t say if Indianapolis will join the race to house Amazon’s next headquarters. And despite the Hoosier capital’s push to become a tech hub, analysts say the it may face an uphill battle if it opts to bid on the massive project.

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