Fair Finance co-owner charged with domestic battery

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Fair Finance Co. co-owner Jim Cochran, who’s under criminal investigation in the collapse of that company, now is facing misdemeanor domestic battery and battery charges following an incident at his Geist Reservoir home on Saturday morning.

Cochran, 54, spent much of the weekend in the Hamilton County Jail. A magistrate judge entered an initial plea of not guilty and set a $2,500 bond during a brief court hearing this afternoon. Cochran’s attorney, Bruce Boje, expressed confidence his client will be released on bond this afternoon.

James Cochran Cochran

Cochran’s wife, Susan, told Fishers police that her husband broke into a locked bedroom and began arguing with her. She said he grabbed her by the upper arms and threw her, causing her to strike her head against a wall. Her son, who tried to intervene, was punched in the eye by Cochran, according to a probable cause affidavit signed by Officer Ryan Jones of the Fishers Police Department.

In mug shots released by the Hamilton County Sheriff's Department, Cochran appears to have a cut under his right eye. However, according to the affadavit, Cochran denied an altercation occurred. He said he had been walking around his home when he tripped on his socks and fell against the front door.

Boje declined to comment in detail, saying he was just getting up to speed on the case. Cochran appeared at the hearing via a video hookup from the Hamilton County Jail. Susan, who attended the hearing in person, showed no visible signs of injury.

This is not the first time Cochran has faced a domestic battery charge. He was charged with that crime and resisting law enforcement after a 2007 incident. Prosecutors dropped the case the following year after Cochran entered a diversion program.

Cochran and fellow Indianapolis businessman Tim Durham teamed up to acquire Akron, Ohio-based Fair Finance Co. in 2002.

IBJ reported last fall that the pair used it almost like a personal bank to fund a range of business interests. The newspaper reported that the heavy insider borrowing raised questions about whether Fair had the financial wherewithal to repay Ohio investors who purchased more than $200 million in investment certificates from Fair.

Fair has been closed since FBI agents raided its offices and seized documents in November. The U.S. Attorney’s Office in Indianapolis said in a November court filing that it is investigating whether the firm operated as a Ponzi scheme, using money raised by selling new investment certificates to pay off prior investors.



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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...