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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. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

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  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

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