Brookville man sentenced for role in Ponzi Scheme

first_imgBROOKVILE, Ind. – A Brookville man will have an extended prison stay after being sentenced this week for his role in a Tri-State Ponzi scheme.Jerry Smith, of Brookville, pleaded guilty in Franklin County Circuit Court last month to five felony counts of criminal securities fraud.Investigators say Smith, and co-conspirator Jason Snelling, ran an $8.9 million scheme selling unregistered investments while working for OneAmerica Securities.Instead of investing clients’ money as promised, the pair used the funds to pay for personal expenses, authorities said.Smith was sentenced this week to 20 years in prison and 20 years on probation. The judge ordered he pay $410,189 in restitution.Jail time will run concurrently with the 65-month federal jail sentence Smith is serving for mail fraud, wire fraud, and tax evasion, related to the Ponzi scheme.Indiana Secretary of State Connie Lawson’s Prosecution Assistance Unit assisted in the investigation.“Smith’s actions were deplorable and I’m pleased we were able to add additional jail time to his sentence,” said Secretary Lawson. “He took advantage of people who knew and trusted him. Plus, he never registered his products as required by law. This combination is typical of what we see in so many Ponzi schemes. I encourage all investors to protect themselves by checking with my office before investing, even if you know the person.”Securities Commissioner Carol Mihalik commented, “I would like to thank Franklin County Prosecutor Mel Wilhelm for his continued work on this case.”“Our offices have been collaborating on this case for almost five years now. Thanks to the continued cooperation between state and local officials, we have been able to hold Smith accountable for his actions and maximize his sentence.”last_img read more

Miramar Ampitheater to host grand opening

first_imgThe Miramar Amphitheater at Regional Park will host a free concert celebrating its grand opening on Independence Day, July 4.The event will feature Kelly Price, Tavares, John Elefante of the band Kansas, France Joli, Wayne Wonder and Eddie Santiago.The amphitheater’s opening will feature a Kid’s Zone for children of all ages as well as a variety of contests, food and novelty vendors.The evening will end with a fireworks display presented by Memorial Hospital Miramar.Off-site parking will be available on Bass Creek Road between Everglades High School and Glades Middle School.This is a free event and open to the public.last_img read more

Neymar could still face Real, no operation planned: Emery

first_img“Neymar is the first to want to play every match, he’s very focussed on Real. I think there’s a small chance that he’ll be ready for the match,” added Emery.PSG trail 3-1 from the last 16 first leg in Madrid two weeks ago and the loss of Neymar would be a huge blow to their chances of overturning that deficit at the Parc des Princes on March 6 and reaching the Champions League quarter-finals.Neymar suffered a cracked metatarsal in his foot and a twisted ankle in an innocuous looking incident against Marseille on Sunday night.And while Spaniard Emery said there is a possibility he’ll recover by next week, he was more pessimistic than he had been on Sunday night.“Today, after analysing Neymar, it looks less likely than it did on Sunday that he’ll be ready for this match,” said Emery.However, he was clear in his dismissal of a report published by Brazilian newspaper Globo Esporte on Tuesday morning that claimed a decision had already been reached for Neymar to undergo an operation, and that he would be out until May.– ‘Tranquility and patience’ –“Last night (Monday) the club issued an official statement: it said how the player was medically,” said Emery.“Things (like operations) aren’t decided like that,” he added, clicking his fingers.“You need discussions with the doctor, the player, his entourage.“To make such an important decision you need tranquility and a bit of patience.“Right now, I don’t think you need anything else. There’s a lot of information from outside, but the truth is what I told you, which is what the doctor told me.”Neymar was visibly in pain before he was stretchered from the pitch © AFP / GEOFFROY VAN DER HASSELTWhile PSG’s primary concern is having the world’s most expensive player available for their Champions League match next week, in Brazil it is Neymar’s participation at the World Cup that is most pressing.The 26-year-old captained Brazil to their first ever Olympic gold medal 18 months ago on home soil and is seen as crucial to their hopes in Russia in June and July.Were he to undergo an operation now and return to fitness in May, that would suit Brazil, who could then rely on a fully fit and fresh Neymar for the World Cup. Four years ago, Neymar missed the semifinal against Germany with injury and Brazil were thrashed 7-1.Globo had said Neymar would have a “pin” attached to his metatarsal bone and would be fit to return in May.Recovery from metatarsal injuries usually take weeks, if not months.Just last year, Neymar’s international team-mate Gabriel Jesus was out of action for two months after breaking a metatarsal playing for Manchester City.Former England stars David Beckham and Wayne Rooney spent six weeks on the sidelines with metatarsal injuries in the past.Earlier on Tuesday, AFP spoke to a number of medical experts who all set a downbeat tone.“It would be very risky as it’s a fragile bone in the foot which is difficult to protect,” said Jean-Marcel Ferrat, a former doctor with the France national football team.“(Playing against Real) could compromise the rest of his season.”Parisian osteopath Alain Gosp Server said such injuries normally take “three weeks to heal”.“It will all depend on his treatment but what’s sure is that he wouldn’t be at 100 percent (in eight days),” added Gosp Server.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Neymar still has a small chance of playing against Real, his PSG coach Unai Emery says © AFP / GEOFFROY VAN DER HASSELTPARIS, France, Feb 27 – Neymar still has a “small chance” of playing against Real Madrid in the Champions League and there are no plans for an operation on his cracked bone, Paris Saint-Germain coach Unai Emery said on Tuesday.“For Neymar there has been no decision to have an operation,” said Emery, denying an earlier report in the Brazilian press that the world’s most expensive player would go under the knife to fix the cracked bone in his foot.last_img read more