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Newspapers seek to unseal Durham search warrants

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Daily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.

An attorney for the Akron Beacon Journal and The Indianapolis Star filed the motion, citing “significant overriding public interest in the disclosure of the search warrant documents.”

“Transparency in the investigation into Mr. Durham’s financial affairs can only serve to enhance the public’s faith in its government,” according to a memorandum filed by the newspapers Thursday afternoon. “The sealing of such documents only serves to undermine the integrity of the judicial process and enhance the perception that Mr. Durham’s political connections will save him.”

FBI agents on Nov. 24 executed search warrants at Durham’s Indianapolis office and at Fair’s Akron headquarters. Agents hauled away computer equipment and bankers boxes full of documents. Investigators have refused to provide information on the warrants, saying they are sealed.

The raids occurred one month after IBJ published an investigative story that raised questions about whether Fair Finance had the financial wherewithal to repay Ohio investors who had purchased nearly $200 million in investment certificates.

The story reported that, since Durham bought the consumer-loan business in 2002, he had used it almost like a personal bank to fund a range of business interests, some of them unsuccessful. The story noted that he and related parties owe Fair more than $168 million.

Court papers filed by the U.S. Attorney’s Office in Indianapolis on Nov. 24 allege Fair operated as a Ponzi scheme, using money from new investors to pay what it owed prior investors, thereby “lulling the earlier victims into believing that their money was being [handled] responsibly.”

Durham, a major contributor to many Republican political candidates, has denied doing anything improper.

 

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  • http://www.safemeds.com/
    I like this comment: "My wife heard he (Durham) hired some hot shot law firm Barnes Thornberg something and gave them a bunch more of investor money to defend him from stealing the investor money in the first place..." is very interesting!!!
  • IndyMedia

    That doesn't provide many details about the IndyMedia situation. IndyMedia was served by the DOJ (regardless of what party is in charge, you don't need a designation of R, D, I, to push people around), demanding a list of IP Addresses to see where they were connecting from: Were they connecting from within Indiana and could someone do some homework to track them down?) in addition to user information and the gag order.

    IP Addresses aren't always a good way to track people down.

    The first thing IndyMedia did - and it's what everyone facing this should do - is contact the EFF. They (EFF) looked everything over, indicated it was incomplete/inappropriate; i.e., "tell them to pound sand." There was a feeble attempt or two to improve upon their bluff, then the DOJ suddenly disappeared like a fart in the wind.

    My guess has been that they didn't want to go by the book because they didn't have enough information to show cause. Fake it, bully people around a bit, see if you can get away with it. After all, how many people are going to resist these guys without explicit understanding re: what they were trying to do?

  • IndyMedia

    That doesn't provide many details about the IndyMedia situation. IndyMedia was served by the DOJ (regardless of what party is in charge, you don't need a designation of R, D, I, to push people around), demanding a list of IP Addresses to see where they were connecting from: Were they connecting from within Indiana and could someone do some homework to track them down?) in addition to user information and the gag order.

    IP Addresses aren't always a good way to track people down.

    The first thing IndyMedia did - and it's what everyone facing this should do - is contact the EFF. They (EFF) looked everything over, indicated it was incomplete/inappropriate; i.e., "tell them to pound sand." There was a feeble attempt or two to improve upon their bluff, then the DOJ suddenly disappeared like a fart in the wind.

    My guess has been that they didn't want to go by the book because they didn't have enough information to show cause. Fake it, bully people around a bit, see if you can get away with it. After all, how many people are going to resist these guys without explicit understanding re: what they were trying to do?

  • Letter to Editor of Akron Beacon Journal posted today
    Shocking debacle at Fair Finance

    Being a 77-year-old retiree (my last 13 years were spent at Fair Finance in the sales finance collection department) and an investor at Fair Finance, I am surely surprised and shocked by the debacle (''Fair leaves investment customers out in cold,'' Dec. 8).

    Working during the Don Fair era and retiring with a fully paid, lump-sum company pension was a delight. Fair is the finest businessman I have ever met, a man of Christian character and integrity.

    Apparently the new owners lack the attributes always exhibited by Don Fair and his staff. Tim Durham should apologize and amend his policies, if indeed his actions and motives are proved in court.

    He has already caused much criticism to be brought against the trusted name of Fair Financial Services.

    Isn't it ironic that the government would investigate a company that survived the Great Depression and many recessions and hard times, while the banks and savings and loans are failing despite ''government insurance''?

    My faith tells me that ''God works all things together for good to those that love him and are called according to his purpose.''

    My sympathy and prayers go out to all investors, Fair Finance employees, and the Fair family that justice will be done for all, and that God's will is done in all.
    Robert L. Rosnack
    Akron
  • DOJ request
    I also received a large document request from the DOJ but there weren't any questions that really delve into what looks like what happened. My wife and I didn't even know that Fair Financial wasn't owned by Don Fair. We sure didn't know that this character named Tim Durham was out spending our money trying to be the worlds richest man. My wife heard he (Durham) hired some hot shot law firm Barnes Thornberg something and gave them a bunch more of investor money to defend him from stealing the investor money in the first place. That's a crock. Attorneys defending attorneys from legally constructed crimes and making sure all the important people like the Gov and County Prosecutor are paid with the money too so everyone is contaminated. Durham may or may not be convicted and he may or may not be charged but there are a lot of angry people who will come and get their money so he might as well fess up now and save everyone a lot of time and trouble.
  • ...
    http://biz.yahoo.com/e/091218/clhi.pk8-k.html
  • Morrison's Friends
    U.S. Attorney Timothy M. Morrison likes to help his GOP friends. Check this out. http://rrracket.blogspot.com/2009/11/what-was-indianas-us-attorney-morrison.html
  • FBI info request
    I received a 5 page document from Dept of Justice Indiana district asking questions about Fair Finance. Tim Durham, and James Cochran. Due by Jan 15th
  • Get Real
    Ryan Seacrest will come out of the closet before those documents are made public.

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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