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

MMA Softball, Lacrosse Teams to Open Seasons

first_img Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 Bio CASTINE — The still-plentiful snow cover attests to the fact that Winter’s still not over.But the Maine Maritime Academy softball team is just hours away from its first game, and the lacrosse team is not far behind.The Lady Mariners will open this weekend at the University of Maine Dome, facing Fisher College in a single game tomorrow (Friday) at 5 p.m. and a doubleheader on Saturday starting at 10 a.m.The schedule:March 13: Fisher College at UMaine Dome, 5 p.m.March 14: Fisher College at UMaine Dome (2), 10 a.m.March 21: Massachusetts Maritime at UMaine Dome (2), 10 a.m.April 1: UMaine – Presque isle (2), 4 p.m.April 5: at Newbury College (2)April 8: Thomas College (2), 2 p.m.April 11: UMaine – Farmington (2), noon.April 14: at Colby College, 4 p.m.April 18: at Castleton State College (2), 1 p.m.April 19: at Green Mountain College (2)April 22: at Husson University (2)April 25: Johnson State College (2), noon.April 26: Lyndon State College (2), noon.This is placeholder textThis is placeholder text——The Mariners lacrosse team will host Green Mountain College in its season opener March 21 on MMA’s artificial turf surface.New coach Mike Capotosto, a Springfield College graduate who came to MMA after coaching at Mount Ida College, has inherited a strong group of returning players.Offensively, the Mariners boast two of the top attack players in the North Atlantic Conference.The schedule:March 21: Green Mountain College, 1 p.m.March 25: Thomas College, 4 p.m.March 28: St. Joseph College, 1 p.m.April 1: at Husson University, 3:30 p.m.April 4: Castleton State College, 1 p.m.April 8: at Lyndon State College, 3 p.m.April 11: at Mount Ida College, 1 p.m.April 16: at University of Southern Maine, 4 p.m.April 18: at Emerson College, 4 p.m.April 22: at Johnson State College, 4 p.m.For complete story see the March 12, 2009 edition of the Ellsworth American. Latest Posts admincenter_img House fire in Winter Harbor – October 27, 2014 Latest posts by admin (see all) State budget vs. job creation – January 22, 2015last_img read more

Dodgers’ Andrew Friedman preaches ‘perspective’ amid ‘unknowns’ of coronavirus shutdown

first_imgBaseball’s Opening Day is filled with unknowns about how the season ahead will play out. This year’s scheduled Opening Day was filled with even more unknowns but no games.Like the rest of the sport, the Dodgers’ season opener against the San Francisco Giants on Thursday has been postponed indefinitely. Dodgers president of baseball operations Andrew Friedman spent the day on ‘Zoom’ teleconferencing instead of at Dodger Stadium watching the National League favorites put those expectations to their first test.“Obviously we all expected to be doing something different today,” Friedman said Thursday. “I think perspective is really important. From our standpoint, new and different things are coming up on a daily basis that we’re working through and it’s a lot of the not-so-fun parts of our job and obviously we’re missing the most fun part.”Two weeks after spring training was aborted and MLB commissioner Rob Manfred announced a two-week delay to the start of the season, mid-May has become the new, optimistic target for a resumption of workouts if not games. Friedman said players are finding “creative” ways to work out and stay in shape but there is no formal timeline for when things might resume. Cody Bellinger homer gives Dodgers their first walkoff win of season Dodgers’ Max Muncy trying to work his way out of slow start “I’m not even focused on that right now. I can’t wait until I am and able to think through things in those terms. But I think, having perspective right now and doing what we can with where we are at this moment is what’s most important and obviously we’ll have a lot of time to get into that hopefully, as we get going and playing.” There has been much speculation about not only when MLB might start playing but what those games might look like. How many doubleheaders will be packed into the schedule? Would some of those games be shortened to seven innings? Will rosters be expanded? Will they start playing before pitchers are fully stretched out?“I think everything’s on the table right now. I don’t think you can remove anything from the table at this point, just with the amount of unknowns,” Friedman said, echoing comments made by Commissioner Rob Manfred on Wednesday. “I think a lot will be dictated obviously by what things look like a week from now, two weeks from now, three weeks from now.“I know, again, everybody is unified in the desire to play as many games as we can. What that means I think will depend some on when we can actually start up again. So I think everybody is keeping a very open mind right now and still continuing to evaluate the situation. As we get more clarity, I think you’ll be able to figure out what that runway looks like from there, but there’s just too many unknowns to make stronger statements.” How Dodgers pitcher Ross Stripling topped the baseball podcast empire center_img Dodgers hit seven home runs, sweep Colorado Rockies “No. But I think the thing that’s consistent is every group involved with the various conversations all want to play as soon as we can and play as many games as we can,” he said, referring to discussions between MLB and the players’ union.The two sides are working toward an agreement that would deal with issues such as service time for a shortened – or even canceled – 2020. The agreement is expected to allow players to receive service time even if no games are played this season.The Dodgers would be deeply affected by that issue. They made a bold move this offseason, acquiring outfielder Mookie Betts from the Boston Red Sox despite his impending free agency (and expected $300 million floor for a new contract). The Dodgers could now get 100 games or fewer of Betts in a Dodgers uniform before potentially losing him to another team next winter.“I think we need to get into what does the season actually look like,” Friedman said when asked how that might affect his evaluation of the trade. “I’m sure we will have plenty of time to go into that and talk through that. But we’ve talked about this a lot in the past – of our mindset being much more focused on the process than the outcome. We did not factor in a global pandemic into our thought process. And so we will determine whether or not we should have or not – obviously, I’m joking.Related Articles Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more