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Brizzi silent on controversy as he opts against 3rd term

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The written statement Carl Brizzi released Thursday saying he will not seek a third term as Marion County prosecutor makes no reference to the controversy surrounding his business and personal ties with embattled Indianapolis financier Tim Durham.

Instead, Brizzi, 41, focused on what he considers his biggest achievements since winning election in 2002. Those include increasing conviction rates and expanding services. He said his office closed 2009 with an overall jury trial conviction rate of 79 percent.

“This decision [not to run] was not an easy one,” Brizzi, a Republican, said in the statement. “But after serving as prosecutor for the last seven years, I have wrestled with the question of whether I can make a commitment to serve an additional five years.”

The last three months have been Brizzi’s rockiest. In November, he acknowledged agreeing to serve on the board of Fair Finance Co., a Durham-owned firm headquartered in Akron, Ohio. He said he began his term in September but quit a month later after Durham informed him IBJ would be publishing an unflattering story about the company’s business practices.

Fair now is at the center of at least two federal investigations. In a November court filing, the U.S. Attorney’s Office in Indianapolis accused Durham of running the business as a Ponzi scheme.

Brizzi told IBJ in November that he agreed to serve on the board because he was interested in learning more about finance from Durham, whom he described as “a buddy.” He said that during his stint, he did not take any official action or attend a board meeting.

Durham also has been Brizzi's biggest campaign contributor. Campaign finance records show Durham and his companies have donated more than $200,000 to Brizzi campaigns.

Brizzi also invested in at least two public companies tied to Durham—Dallas-based CLST Holdings Inc. and Los Angeles-based Red Rock Pictures Holdings Inc.

It’s not clear what led Brizzi to either Red Rock or CLST. In a letter to supporters he posted on his Facebook page Dec. 7, Brizzi said he began buying CLST in 2005 “after discussing the investment, as well as other companies, with friends and financial advisers as part of my overall investment planning.”

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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