IBJOpinion

Durham's woes resemble Firstmark's

November 7, 2009
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IBJ Letters To The Editor

The financial legerdemain surrounding Tim Durham and his ownership of Fair Finance [described in an Oct. 26 story] brings back memories of the challenges many in central Indiana faced a generation ago when Firstmark Financial sold high-yield unsecured notes to fund its speculative operations. History does seem to repeat itself.

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Charles Liles
Charles A. Liles & Associates Inc.


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  • Hear today gone tomorrow
    Justice at last is being done, no more small people being ripped off.
    By cochran Durham ,and the likes of.
    Its going to get interesting to see how many other high profile indy guys fall after this
  • Re
    It has been interesting to watch Durham spend his money. Oops, I mean the money he "borrowed" from Ohio investors. This article on Nicholas Cage, who earned no less than $20M per movie, compared to Durham,whose businesses never make money--and he's made a ton of movies--shows spending habits that are as flagrant:

    http://www.popeater.com/2009/11/05/nicolas-cage-spending-habits/?icid=main|main|dl2|link3|http%3A%2F%2Fwww.popeater.com%2F2009%2F11%2F05%2Fnicolas-cage-spending-habits%2F

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