Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month,
real estate sources say.
The leveraged-buyout firm subleases the 48th
floor of downtown’s Chase Tower from JPMorgan Chase & Co. but hasn’t
paid rent for a couple of months and has agreed to give the space back.
Obsidian has been closed since Nov. 24, when FBI agents converged on the office and seized documents and computers. Agents
simultaneously raided another Durham company: Akron, Ohio-based Fair Finance Co.
Federal prosecutors alleged
in a court filing that day that Fair operated as a Ponzi scheme, using money raised
from selling investment certificates to pay off earlier investors.
Durham could not be reached for comment this morning.
Obsidian was
committed to the space until 2020, when Chase’s lease as anchor tenant comes up. It
signed the sublease in 2002, a short time after the bank moved its executives offices to a lower floor.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.