Tim Durham

Durham's Fair Finance drops effort to sell securities

January 12, 2010
Greg Andrews
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval to sell an additional $250 million in investment certificates.
More

More than 1,100 attend Fair investor meeting

January 6, 2010
Greg Andrews
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
More

IBJ, Wall Street Journal seek unsealing of Durham records

January 5, 2010
Greg Andrews
Indianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search warrant documents related to the federal investigation of businessman Tim Durham.
More

Would-be buyer: Durham double-dipped on Duesenberg deal

December 30, 2009
Andrea Muirragui Davis
Tim Durham struck a deal to sell a vintage Duesenberg for $1 million before auctioning off the same vehicle for $2.9 million, according to the small-town Michigan mayor who said he agreed to buy it.
More

Fair Finance's past gave investors, regulators false comfort

December 26, 2009
Greg Andrews
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
More

NEWSMAKER: High-flying exec Durham ensnared in probe

December 26, 2009
Greg Andrews
The U.S. Attorney's Office alleged in court papers that one of his businesses, Ohio-based Fair Finance Co., operated as a Ponzi scheme.
More

Durham firm departing top floor of Chase Tower

December 23, 2009
Greg Andrews
Tim Durham's Obsidian Enterprises Inc. plans to vacate the top floor of the state's tallest building next month, real estate sources say.
More

Fair Finance investors file additional fraud suit

December 22, 2009
Greg Andrews
More than three dozen residents of a northeast Ohio county who invested in Fair Finance Co. are seeking to recover more than $2.1 million from the shuttered company.
More

Buyer of prized Durham Duesenberg alleges fraud

December 19, 2009
Greg Andrews
A Virginia businessman is suing Tim Durham, alleging he and other defendants manipulated the September auction of a 1930 Duesenberg that sold for $2.9 million.
More

Newspapers seek to unseal Durham search warrants

December 17, 2009
Greg Andrews
Daily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.
More

Still hoping to sell securities, Fair Finance seeks extension

December 14, 2009
Greg Andrews
Tim Durham's Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents they requested relating to insider loans and other issues.
More

Federal filing lists another link between Brizzi, Durham

December 12, 2009
Greg Andrews
A federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures Holdings Inc., a film-development firm also backed by Durham.
More

Fair Finance press release leaves investors hanging

December 11, 2009
Greg Andrews
The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors it owes.
More

Bella Vita restaurant planned for Circle Centre

December 8, 2009
Scott Olson
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor space in Circle Centre mall formerly occupied by Bertolini’s.
More

Durham enlisted directors with personal, financial ties

December 5, 2009
Greg Andrews
Carl Brizzi's short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
More

Class-action suit seeks millions for Fair Finance investors

December 4, 2009
Greg Andrews
Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive damages.
More

Ohio balks at Fair Finance's latest effort to register securities

December 4, 2009
Greg Andrews
Ohio securities regulators have asked for a mountain of additional information from Tim Durham's Fair Finance Co. that they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
More

SEC probing Durham deal with Texas firm

December 1, 2009
Greg Andrews
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
More

Feds drop Durham asset-seizure suit

November 30, 2009
Greg Andrews
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham's assets after receiving assurance they wouldn't vanish.
More

Fair Finance offices fail to reopen

November 30, 2009
Greg Andrews
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of the company's investment certificates.
More

Feds seek seizure of Durham's assets

November 28, 2009
Greg Andrews
The federal government has filed court papers seeking forfeiture of Tim Durham's property, including his 30,000-square-foot Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
More

Disclosures key to feds' probe of Durham's Fair Finance

November 28, 2009
Greg Andrews
Any 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.
More

Brizzi dropped plan to serve on board of Durham company

November 25, 2009
Greg Andrews
Marion 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.
More

UPDATE: FBI searches Durham-owned company offices

November 24, 2009
Greg Andrews
Ohio 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.
More

FBI 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.
More
Page  << 1 2 3 4 5 6 7 8 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

ADVERTISEMENT