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Criminal Charges
Durham gets 50 years for fraud scheme
November 30, 2012
Greg Andrews, Scott Olson, Cory SchoutenFormer Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the
collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years
and 10 years, respectively.
MoreFraud victims detail losses before Durham's sentencing
November 30, 2012
Scott OlsonA 74-year-old former nun who cares for young children to earn a living after being swindled out of her life savings and a
woman whose father lost $170,000 in proceeds from the sale of his farm testified against Tim Durham and his two fraud accomplices
Friday morning.
MoreDurham fate rests in judge's hands
November 29, 2012
Cory SchoutenConvicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives
in prison.
MoreIndiana police leader says he'd legalize marijuana
November 27, 2012
Associated PressThe head of the Indiana State Police is telling lawmakers he would legalize and tax marijuana if it were up to him.
MoreProsecutors: Durham, accomplices deserve life sentences
November 27, 2012
Scott OlsonSaying their crimes were "as serious as any financial fraud crime ever committed," federal prosecutors re-emphasized Monday
their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.
MoreIndiana businessman admits guilt in 2 fraud plots
October 29, 2012
Associated PressAn Indiana businessman has pleaded guilty to ripping off an Iowa company and duping investors in separate fraud schemes totaling
$2.3 million.
MorePolice arrest six in theft of metals from vacant buildings
October 3, 2012
Dan HumanThe Marion County Prosecutor’s Office has filed criminal charges against six people it says were part of a metal theft
ring that targeted vacant commercial buildings in Indianapolis and Anderson.
MoreGOP senator plans bill decriminalizing pot possession
September 20, 2012
Kathleen McLaughlinState Sen. Brent Steele, R-Bedford, said he'll introduce legislation in the 2013 legislative session that would make possession
of 10 grams or less of marijuana an infraction, rather than a criminal offense.
MoreLocal financial planner sentenced for identity theft
September 11, 2012
IBJ StaffA former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced
Tuesday to two years in federal prison and three years of probation after pleading guilty to identity theft.
MoreEx-Countrymark CEO denied early prison release
August 23, 2012
Scott OlsonDavid Swanson had argued that his lawyers were derelict in not seeking a mistrial stemming from his 2002 conviction on wire
fraud, money laundering and tax evasion charges. A federal appeals court on Wednesday affirmed his 12-year sentence.
MoreLocal attorney facing fraud charges released from jail
July 31, 2012
Scott OlsonLawyer William F. Conour had been held in a Decatur County Jail since July 25 on a contempt of court charge until a judge
on Monday ordered his release. Conour is accused of defrauding clients of $2.5 million.
MoreLocal attorney facing fraud charges resigns from bar
July 6, 2012
High-profile Indianapolis attorney William F. Conour, 65, who is accused of misappropriating $2.5 million in client funds,
has relinquished his law license to the Indiana bar.
MoreJudge orders Durham, Cochran jailed until sentencing
June 25, 2012
Cory SchoutenConvicted Ponzi schemers Tim Durham and James Cochran will be held in a federal prison until sentencing, while accomplice
Rick Snow will be confined under home detention, under an order issued Monday afternoon by U.S. District Judge Jane E. Magnus-Stinson.
MoreDurham attorney vows to appeal guilty verdict
June 21, 2012
Cory SchoutenAn attorney for convicted fraud mastermind Tim Durham vowed Thursday to appeal the case to the U.S. Supreme Court if necessary
to prove his client did nothing wrong.
MoreDurham found guilty on all counts
June 20, 2012
Cory SchoutenU.S. Attorney Joseph Hogsett hailed the jury's decision, calling the case "the most significant piece of litigation
the Southern District has seen in a generation." Tim Durham and co-defendants Jim Cochran and Rick Snow were handcuffed
and taken to the Marion County Jail.
MoreDefense rests in Durham trial without defendants testifying
June 19, 2012
Cory SchoutenDefense attorneys in the federal fraud trial of Fair Finance executives Tim Durham, Jim Cochran and Rick Snow rested their
cases Tuesday morning after calling just one witness and introducing a handful of exhibits.
MoreDurham prosecutors wrap case with details on asset transfer
June 18, 2012
Greg Andrews, Cory SchoutenIn the weeks before an FBI raid shut down Fair Finance Co., top company executives led by Indianapolis financier Tim Durham
devised a last-ditch maneuver they hoped would persuade Ohio regulators to allow them to keep selling investment certificates.
MoreDurham trial: Auditor expected problems at Fair Finance
June 15, 2012
Cory SchoutenThe accounting firm Tim Durham hired to review the Ohio company’s 2003 finances refused to complete an audit because of concerns
about the accuracy of its numbers and the appropriateness of its practices. The FBI raided Fair Finance in November 2009.
MoreAUDIO: Wiretaps capture Durham, co-defendants scrambling
June 15, 2012
Greg Andrews, Mason King, Cory Schouten
A series of government-recorded phone calls have provided some of the most riveting courtroom moments during
the fraud trial of Tim Durham and two co-defendants.
Trial evidence shows desperation in Fair Finance's final days
June 14, 2012
Cory SchoutenThe men who presided over Ohio-based Fair Finance were at their wits end by late 2009. In government-recorded phone calls
and intercepted e-mails introduced as evidence in U.S. District Court this week, they come across as exhausted, angry and
determined.
MoreDurham prosecutors ask to admit IBJ story as evidence
June 14, 2012
Cory SchoutenFederal prosecutors in the Tim Durham fraud trial on Wednesday sought to introduce into evidence an IBJ investigative
report from October 2009, but a judge agreed with a defense attorney and denied the request.
MoreVIDEO: Fair Finance investor's family lost $475K
June 13, 2012
Cory Schouten
Donald Russell, a retired deputy sheriff, is among the more than 5,000 clients of Fair Finance who lost big investments
with the Ohio firm. After testifying on Tuesday during the fraud trial for Fair owner Tim Durham, he shared his story with
IBJ.
No lockstep defense strategy for Durham co-defendants
June 13, 2012
Cory SchoutenTim Durham and his co-defendants in the fraud case involving Fair Finance sit on the same side of the courtroom, but that
doesn't mean their interests are always aligned.
MoreDurham trial: Fair Finance controller details cash crunch
June 12, 2012
Cory SchoutenThe former controller at Fair Finance is testifying at the fraud trial of Tim Durham as a star witness for the federal government
in exchange for immunity from prosecution.
MoreDurham lawyer wants lifestyle out of trial
June 2, 2012
Greg AndrewsTim Durham’s attorney is hellbent on preventing prosecutors from fixating on the things that made the Indianapolis financier
a staple of TV news and gossip columns—his fancy cars, waterfront mansion and other trappings of a lavish lifestyle.
Durham's trial is set to begin on Friday.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.