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Obsidian Enterprises
Durham 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.
MoreFormer Durham exec ordered to pay $30,000
August 22, 2012
Scott OlsonFormer Obsidian Enterprises Inc. President Terry Whitesell will pay the amount as part of a settlement agreement. A bankruptcy
trustee representing investors of Fair Finance Co., owned by convicted financier Tim Durham, had sought more than $225,000
from Whitesell.
MoreTrial 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.
MoreFair bankruptcy trustee alleges complicity by silence
March 3, 2012
Greg AndrewsLawyers overseeing Fair Finance's liquidation charge that, every step of the way, businesspeople who crossed Tim Durham’s
path and witnessed questionable behavior looked the other way—because it was highly profitable for them to do so.
MoreBrizzi 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.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!