Local News

News > Local News > Central Indiana Title Agents Indicted on Wire Fraud Charges

Central Indiana Title Agents Indicted on Wire Fraud Charges

The U.S. Attorney's Office says two central Indiana title agents, accused of embezzling over $1 million from clients, were indicted Tuesday in separate investigations.

According to the indictments, 41-year-old Adam Mears of Carmel, co-owner of First Title which operates in Indianapolis, allegedly embezzled nearly $650,000 from clients in order to pay business and personal expenses.  37-year-old Patrick Hayden of Greensburg, co-owner of Mainstreet Title, allegedly embezzled nearly $450,000 which were used to finance another business and support a drug habit.

The investigations into Mears and Hayden began following the routine examinations of the companies by the Indiana Department of Insurance.  Those examinations revealed improprieties in the appropriation of funds which led IDOI to contact Indiana State Police and the U.S. Secret Service.

Each man faces five counts of wire fraud.  Each count carries a sentence of up to 20 years in federal prison.

Mears and Hayden had initial court appearances Tuesday.  Mears has been released while Hayden remains in custody pending a detention hearing on Wednesday.

There will not be a trial for Kyle Cox. The former boys' basketball coach at Park Tudor School has agreed to plead...
Democrats hope the polarized reactions to Donald Trump are enough to swing some seats in Congress their way. But a...
An upset in an Indiana congressional race that wasn't decided until Wednesday morning. Ron Drake hasn't appeared...
Ted Cruz is out, but John Kasich isn't going anywhere, his camp said Tuesday night. In an email to supporters, the...
Ted Cruz bowed out of the Republican presidential race Tuesday following a crushing loss to Donald Trump in...