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Tim Durham
Durham 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.
MoreJury begins deliberations in Durham fraud trial
June 20, 2012
Cory SchoutenThe jury began deliberations Wednesday morning in the federal fraud trial of financier Tim Durham and two co-defendants.
MoreDurham trial closing arguments provide clashing accounts
June 20, 2012
Cory SchoutenThe prosecution described Tim Durham as "the mastermind" of a Ponzi scheme, while partner Jim Cochran acted as the
front man who lied "to people's faces," and Chief Financial Officer Rick Snow served as the "backroom numbers
guy."
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.
MoreProsecution rests after testimony from Fair Finance trustee
June 18, 2012
Cory SchoutenAttorneys for Tim Durham and his co-defendants are expected to start their defense Tuesday morning and wrap it up in the afternoon.
The jury is expected to begin deliberations Wednesday.
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.
MoreFair Finance CFO staying out of prosecutors' crosshairs
June 16, 2012
Greg AndrewsRick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants
Tim Durham and Jim Cochran. But he's facing the same felony charges.
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.
MoreDonald Fair leads off government's case against financier Durham
June 11, 2012
Cory SchoutenThe man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday
against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
MoreJudge, attorneys in Durham trial look for jurors untainted by media reports
June 8, 2012
Cory SchoutenA federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham
and his co-defendants. The jury-selection process, which began Friday morning, launched what's expected to be a three-week
trial over alleged wire and securities fraud.
MoreJury selection set to start in Durham fraud trial
June 8, 2012
Greg AndrewsThe criminal case against Tim Durham and co-defendants Jim Cochran and Rick Snow is set to begin Friday in front of federal
Judge Jane Magnus-Stinson. Prospective jurors in the high-profile trial will be asked whether they can be impartial and not
be influenced by what they have heard, read or seen about the case.
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.
MoreDan Laikin spurred probe of Tim Durham, filings reveal
May 19, 2012
Greg AndrewsThe FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered
up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated
case.
MoreFeds say wiretaps show evidence of financial plot
May 15, 2012
Associated PressA federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman
Tim Durham as the government outlined a case largely based on those recordings.
MoreJudge rejects Durham motion to throw out indictment
April 19, 2012
Greg AndrewsThe ruling by federal Judge Jane Magnus-Stinson is a big setback for Durham and his attorney, John Tompkins, who in court
papers had alleged “outrageous government misconduct.”
MoreFair Finance trustee attorneys could land bigger jackpot
March 30, 2012
Scott OlsonAttorneys assisting the Fair Finance Co. bankruptcy trustee have agreed to no longer be paid by the hour but instead on a
contingency based on a percentage of funds recovered for shareholders of the company owned by indicted financier Tim Durham.
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.
MoreFair Finance trustee sues former owner for $150M
February 24, 2012
Greg AndrewsThe lawsuit charges Donald Fair knew Tim Durham was looting the business but kept quiet to collect millions of dollars in
payments scheduled to be made from 2002 to 2007.
MoreWiretaps suggest Durham tried to sugarcoat Fair's woes
February 18, 2012
Greg AndrewsTranscripts of phone conversations capture Fair Finance CEO Tim Durham discussing ways to recast company financials to mitigate
Ohio securities regulators’ concerns about massive insider loans.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.