Fair Finance investors fear money is disappearing
Ohio residents who attended investor meeting say recovering funds hinges on locking down assets that remain.
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Durham yacht up for sale; asking price $4.8 million
Indianapolis financier Tim Durham’s famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his
holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.ISTA scandal could limit union’s influence, sway election
A securities-fraud case Secretary of State Todd Rokita brought against the union last month could make matters worse for the
already hobbled ISTA, blunting its ability to help elect Democrats in November.Bank says Durham had no right to sell Duesenberg
A legal brouhaha over the recent auction of a Duesenberg automobile by Tim Durham has taken a new twist, with Durham’s bank
charging the financier didn’t have the right to sell the car in the first place.Ohio lawmaker wants Fair Finance owners’ assets frozen
An Ohio congressman is upset the U.S. Attorney’s Office in Indianapolis isn’t seeking to freeze the assets of
Fair Finance Co. owners Tim Durham and Jim Cochran.Brizzi silent on controversy as he opts against 3rd term
The written statement Carl Brizzi released Thursday saying he will not seek a third term as Marion County prosecutor makes
no reference to the controversy surrounding his business and personal ties with embattled Indianapolis financier Tim Durham.Durham trailer-maker sued for nearly $1M
First Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.Area hospital construction taking break after expensive binge
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient
clinics and surgery centers.Durham’s Fair Finance drops effort to sell securities
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.Investors in failed Church Extension poised to recoup 70 percent
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.More than 1,100 attend Fair investor meeting
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
IBJ, Wall Street Journal seek unsealing of Durham records
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.Would-be buyer: Durham double-dipped on Duesenberg deal
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.Top real estate stories of 2009
A major downturn in commercial real estate was inevitable, but the depths have surprised even seasoned industry veterans.
Fair Finance’s past gave investors, regulators false comfort
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
Local losses lead other ’09 news of note
A look back at some of the top business news stories from 2009.
NEWSMAKER: High-flying exec Durham ensnared in probe
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.Durham firm departing top floor of Chase Tower
Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.College cuts will favor some schools over others
The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without
new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.