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Jury: Real estate execs Bales, Spencer not guilty of fraud

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John M. Bales lifted his crossed hands to his face and began to cry Thursday evening as a federal judge read the same jury verdict on each of 13 fraud counts against the real estate broker and a partner: Not guilty.

Sighs of relief turned to sobs among family and friends of Bales and William E. Spencer as U.S. District Judge Robert L. Miller Jr. read the jury’s verdict, reached after eight hours of deliberation ended about 5:30 p.m.

Read more at the Indianapolis Business Journal: http://www.ibj.com/jury-real-estate-execs-bales-spencer-not-guilty-of-fraud/PARAMS/article/39465