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Fraud
Durham prosecutors propose case-notification plans
April 12, 2011
Scott OlsonInstead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding,
prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
MoreFraud suspect Durham released from halfway house
April 11, 2011
Scott OlsonFraud suspect Tim Durham was released from a halfway house on Monday, after a more thorough accounting of his finances was
presented to a federal magistrate. Durham had been at the Indianapolis facility since Wednesday.
MoreIndicted businessman to remain in halfway house
April 7, 2011
Associated PressA federal judge has denied a request by Tim Durham, who is accused in a $200 million fraud scheme, to be released from an
Indianapolis halfway house
MoreJudge moves Durham fraud trial to next year
April 7, 2011
Scott OlsonFederal Judge Jane Magnus-Stinson on Thursday morning vacated the original trial date of May 16 and instead set jury selection
for June 8, 2012. Meanwhile, lawyers for Tim Durham argued for his release from a halfway house he was sent to on Wednesday.
MoreDurham ordered to be held at halfway house for 7 days
April 6, 2011
Scott OlsonA federal magistrate on Wednesday ordered indicted financier Tim Durham held at a halfway house for seven days until he can
provide a better accounting of his finances. The magistrate said "money means flight."
MoreDurham set for afternoon federal court date
April 6, 2011
IBJ Staff and Associated PressFormer Indiana businessman Timothy Durham, 48, who is accused in a $200 million fraud scheme, is scheduled to appear in federal
court in Indianapolis on Wednesday at 2:30 p.m.
MoreIndy lawyer pays $371,000 to settle Fair Finance lawsuit
March 31, 2011
Greg AndrewsFair Finance's bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that
matured in 2006.
MoreJudge unseals some Fair Finance raid records
March 30, 2011
Greg AndrewsStill under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that
"would greatly prejudice the criminal case."
MoreFeds go after Fair Finance CFO, despite murkier motive
March 26, 2011
Greg AndrewsUnlike the other defendants, Fair Finance executive Rick Snow isn’t accused of tapping the company for a bevy of loans,
then failing to repay the money.
MoreDurham's ex-wife explains bond for indicted financier
March 23, 2011
Scott OlsonJoan SerVaas issued a written statement saying she and her father signed off on a $1 million bond because they're confident
Tim Durham will continue to cooperate with federal authorities and abide by the conditions of his release.
MoreConvictions likely in federal Fair Finance case
March 19, 2011
Scott OlsonDefense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co.
could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
MoreWestfield businessman jailed for tax evasion
March 18, 2011
IBJ StaffU.S. Attorney Joseph Hogsett said Joseph Hinshaw, 57, under-reported his income from 2003 to 2007 to avoid taxes and to obtain
federal and state student loans.
MoreFair Finance investors likely to recover little money
March 17, 2011
Scott OlsonAuthorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they're likely
to recoup just a "teeny-tiny" fraction.
MoreOfficials: Fair Finance largest fraud case in state's history
March 16, 2011
Scott Olson
Timothy S. Durham (pictured at far left), James F. Cochran and Rick D. Snow were all arrested on Wednesday following
a grand jury indictment.
BREAKING: Durham, two other executives indicted for fraud
March 16, 2011
IBJ StaffBeleaguered local businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. have been indicted on
felony charges of wire fraud, securities fraud and conspiracy to commit wire fraud and securities fraud. The Securities and
Exchange Commission also filed a complaint against the men in federal court.
MoreBrightpoint suing software vendor for negligence
March 3, 2011
Scott OlsonThe local distributor of wireless phones has filed suit against Massachusetts-based Emptoris Inc., and is looking to recoup
millions of dollars it paid the company in addition to the amount it says it spent trying to fix the problem.
MoreIntellectual property theft rising quickly
February 26, 2011
Bob Kronemyer / Special to IBJFilching ranges from crude to highly sophisticated, experts say.
MoreFair bankruptcy trustee hears from prospective Lampoon suitors
February 22, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee is getting inquiries from parties interested in buying National Lampoon Inc.,
the Los Angeles-based comedy business led by embattled Indianapolis businessman Tim Durham.
MoreE-mails detail Fair Finance partner's money woes
February 17, 2011
Greg AndrewsE-mails filed in bankruptcy court this week show that Fair Finance Co. co-owner Jim Cochran spent money with such abandon
that by 2008 he was living off credit cards and imploring CEO Tim Durham to more than double his salary to $1 million.
MoreHamilton County woman to be sentenced in stock scheme
February 16, 2011
Prior to Wednesday's sentencing, the Secretary of State's securities division said it reached an agreement to liquidate the
assets of Dorothy Geisler, including her home on Geist Reservoir.
MoreFair trustee: Durham committed fraud of 'shocking proportions'
February 15, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee alleges Tim Durham perpetrated a fraud of "shocking proportions,”
draining huge sums from the Akron, Ohio, firm for years to mask that his business empire had collapsed.
MoreFair Finance trustee sues Indy attorney for $375,000
February 15, 2011
Greg AndrewsThe loan from Fair Finance Co. to Stephen and Linda Plopper matured in 2006, but the couple has failed to satisfy the debt
despite recent demands for payment, the suit alleges.
MoreFair Finance trustee still searching for deep-pocketed savior
January 29, 2011
Greg AndrewsTrustee Brian Bash and his legal team have yet to publicly implicate anyone who appears to have the cash to substantially
reduce the staggering losses.
MoreDurham car collection fetches $2.2M
January 22, 2011
Greg AndrewsA 1929 Duesenberg once driven by Elvis Presley garnered the largest price—$1.237 million.
MoreTim Durham's exotic cars hit auction block
January 21, 2011
Greg AndrewsFair Finance Co.'s bankruptcy trustee scheduled the Friday auction to raise money for creditors of the defunct company, including
more than 5,000 Ohio residents who hold more than $200 million in unsecured investment certificates.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.