Obsidian Enterprises
Brizzi agrees to pay Fair Finance nearly $200K
November 22, 2011
Greg AndrewsThe Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor
Carl Brizzi, Tim Durham and his companies helped cover Brizzi's personal expenses.
MoreFair sues Shelbyville bank over sale of Durham Duesenberg
August 3, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over
hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
MoreJudge: Durham’s home-detention restrictions to continue
July 21, 2011
Scott OlsonA federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also
appointed a public defender for his business partner, James F. Cochran.
MoreFair trustee issues subpoena for Brightpoint CEO
July 14, 2011
Cory SchoutenThe Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than
$19 million Laikin's brother borrowed from the Ohio company.
MoreFair Finance trustee sues National Lampoon
June 15, 2011
Greg AndrewsFair Finance Co.’s bankruptcy trustee this week sued National Lampoon Inc. seeking to recover millions of dollars that
indicted financier Tim Durham provided the ailing Los Angeles-based comedy business over the past decade.
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.
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.
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.
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.
MoreTies to Durham haven't hurt McKain
February 26, 2011
Greg AndrewsFor the past decade, Indianapolis-based professional speaker Scott McKain has used his experience at Obsidian Enterprise Inc.
as the centerpiece of his marketing pitch, but Obsidian is not the success his bio advertises it to be.
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.
MoreDurham trailer-maker sued for nearly $1M
January 14, 2010
Greg AndrewsFirst Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.
MoreDurham firm departing top floor of Chase Tower
December 23, 2009
Greg AndrewsTim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real
estate sources say.
MoreDurham enlisted directors with personal, financial ties
December 5, 2009
Greg AndrewsCarl Brizzi's short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
MoreDisclosures key to feds' probe of Durham's Fair Finance
November 28, 2009
Greg AndrewsAny case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance
Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
MoreBrizzi dropped plan to serve on board of Durham company
November 25, 2009
Greg AndrewsMarion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance
Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative
story about the company.
MoreUPDATE: FBI searches Durham-owned company offices
November 24, 2009
Greg AndrewsOhio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates
unless it satisfactorily answers a series of questions about the company's ability to pay them back.
MoreFBI serves search warrants on Durham-owned companies
November 24, 2009
The FBI on Tuesday executed search warrants at two companies led by high-profile executive Tim Durham—Indianapolis-based
Obsidian Enterprises Inc. and Akron, Ohio-based Fair Finance Co.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreOld National slaps Durham with suit
December 11, 2006
Greg AndrewsIndianapolis entrepreneur Tim Durham has run into trouble with one of his lenders. Evansville-based Old National Bank says
in a Dec. 1 lawsuit that Durham's Indianapolis-based holding company,Obsidian Enterprises Inc., is in default on $2.6 million
in loans that came due Nov. 1.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."