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Tim Durham
Fair Finance investors still empty-handed as trustee plows on
April 27, 2013
Greg AndrewsMany of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal
to fight litigation for years.
MoreLampoon: Durham used $1M from company to pay attorney
March 4, 2013
J.K. WallFilm company once headed by Indianapolis financier Tim Durham says he transferred $1 million to his Indianapolis lawyer, John
Tompkins, while fighting federal securities fraud charges.
MoreHigh-priced Chicago firm handling Durham’s appeal pro bono
February 20, 2013
Scott OlsonA lawyer from one of the nation's largest law firms is handling the convicted financier's federal appeal free of charge, court
documents show.
MoreIndiana tries to close loophole that helped Durham commit fraud in Ohio
February 16, 2013
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard
that caused trouble for Fair Finance investors.
MoreLampoon paid for Durham’s defense, trustee alleges
January 23, 2013
Scott OlsonFair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that
National Lampoon funded convicted Ponzi schemer Tim Durham's defense. Durham is a former CEO of the film company.
MoreDurham can appeal fraud sentence as indigent, judge rules
January 6, 2013
Associated PressA federal judge says former Indiana financier Tim Durham doesn't have to pay to appeal his conviction for swindling investors
out of more than $200 million.
MoreInvestors let down guard, opening door to Durham fraud
December 8, 2012
Greg AndrewsShouldn’t the 5,100 Ohio investors who lost more than $200 million when Fair collapsed have seen Fair’s lofty
interest rates as a red flag?
MoreTrustee settles for $3.5M with former Fair Finance owner
December 7, 2012
Scott OlsonDonald R. Fair, the former owner of Fair Finance Co. who sold the business to fraudsters Tim Durham and James Cochran, agreed
to the settlement Thursday.
MoreSuccessful Durham appeal unlikely, outside lawyers say
December 3, 2012
Scott OlsonLocal criminal defense lawyers who tracked the trial of Tim Durham and his accomplices say chances are slim that they would
prevail on appeal. One said Durham would have a better chance of winning the lottery.
MoreDurham 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.
MoreLive tweets from Durham sentencing
November 30, 2012
Cory SchoutenIBJ provided ongoing updates from the courthouse where Ponzi schemer Tim Durham and two accomplices were sentenced
Friday afternoon.
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.
MoreLocal designer’s bankruptcy tied to Fair Finance
November 28, 2012
Scott OlsonSC Design Inc. lists debt of $1.5 million. Most of it is owed to Fair Finance, formerly co-owned by convicted fraudster Tim
Durham, through a claim filed by a trustee seeking to recover investor funds.
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.
MoreDurham asks court for five-year sentence
November 26, 2012
Scott OlsonConvicted Ponzi schemer Tim Durham is requesting a much shorter prison stay than the life sentence federal prosecutors want
him to serve. The convicted Ponzi schemer and two associates are set to be sentenced Friday.
MorePliant Ohio regulators helped clear path for Durham's fraud
November 24, 2012
Greg AndrewsThe Ohio Division of Securities allowed Fair Finance to register investment certificates even after the company stopped providing
audited financials and Tim Durham drained more than $100 million from the firm through insider loans.
MoreIndianapolis accounting firm settles with Fair Finance trustee
November 1, 2012
Kathleen McLaughlinSomerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based
firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
MoreDurham lawyer balks at proposed 225-year sentence
November 1, 2012
Greg AndrewsThe attorney for convicted Ponzi schemer Tim Durham argues that the presentencing report miscalculates the losses suffered
by investors, includes a range of allegations that weren’t proven at trial and blames his client for events outside
his control.
MoreLegal fees nearing $9M in Fair Finance bankruptcy
October 17, 2012
Cory SchoutenThe trustee in the Fair Finance bankruptcy case and his law firm have run up legal bills approaching $9 million, nearly double
the recoveries they've achieved to date for investors victimized by convicted fraudster Tim Durham.
MoreSentencing date set for convicted financier Durham
September 26, 2012
Associated PressA federal judge has set a November sentencing for Indiana financier Tim Durham and two business associates convicted of swindling
thousands of investors out of more than $200 million.
MoreJudge rejects Fair Finance attorneys' fee request
July 26, 2012
Scott OlsonThe compensation plan submitted by Cleveland-based Baker & Hostetler LLP could have netted the law firm $32.5 million if it
recovered the entire $200 million or more owed to investors of Fair Finance, which was owned by convicted Indianapolis financier
Tim Durham.
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.
MoreOutlook improves for Fair Finance investors
June 23, 2012
Greg AndrewsA New York firm is contacting Fair Finance Co. investors seeking to purchase their bankruptcy claims—a sign of growing
optimism that investors in the defunct business will secure a sizable recovery.
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.
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Many serial killer types and psychopaths work as lowly bureaucrats, just waiting to impose their wrath on a powerless person, child, or pet. Don't forget, the BTK killer was a dog catcher.
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.