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Tim Durham
Fair Finance press release leaves investors hanging
December 11, 2009
Greg AndrewsThe statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
MoreBella Vita restaurant planned for Circle Centre
December 8, 2009
Scott OlsonAn 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.
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.
MoreClass-action suit seeks millions for Fair Finance investors
December 4, 2009
Greg AndrewsAttorneys 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.
MoreOhio balks at Fair Finance's latest effort to register securities
December 4, 2009
Greg AndrewsOhio 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.
MoreSEC probing Durham deal with Texas firm
December 1, 2009
Greg AndrewsA Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
MoreFeds drop Durham asset-seizure suit
November 30, 2009
Greg AndrewsThe 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.
MoreFair Finance offices fail to reopen
November 30, 2009
Greg AndrewsFair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company's investment certificates.
MoreFeds seek seizure of Durham's assets
November 28, 2009
Greg AndrewsThe 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.
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.
MoreDurham insider deal sparks outcry
March 9, 2009
Greg AndrewsTim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
MoreGeist restaurateur buffeted by financial squalls
March 2, 2009
Greg AndrewsHenri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
MoreA showy millionaire faces spate of lawsuits
February 16, 2009
Greg AndrewsA recent spate of lawsuits, filed by a who's who of Indianapolis businessmen, exposes cracks in Tim Durham's veneer of opulence.
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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.