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Articles

National Lampoon sale closes book on era rife with scandal

August 3, 2017

Philadelphia-based PalmStar Media has bought National Lampoon Inc., a deal that severs the final ties between the company and a contingent of Indianapolis shareholders, including convicted fraudster Tim Durham.

Judge rules for National Lampoon, against fraudster Durham

July 13, 2017

A federal judge rejected Durham’s “puzzling” argument from prison for reimbursement of loans and advances he made to National Lampoon Inc., the media company best known for its former humor magazine and the comedy movie classic “Animal House.”

Ex-Marion County Prosecutor Brizzi suspended for misconduct

April 6, 2017

Former Marion County Prosecutor Carl Brizzi has been suspended from the practice of law in the state after the Indiana Supreme Court Disciplinary Commission found he violated prohibitions against representing a client in a case in which he had a personal interest.

Judge rejects Durham’s bid to dismiss SEC civil suit

August 10, 2016

The Indianapolis financier convicted of operating a Ponzi scheme failed to persuade a federal judge to dismiss the government’s civil action against him and other convicted accomplices.

Federal court rejects Durham’s sentence appeal

February 4, 2016

A federal appeals court has rejected a former Indianapolis businessman's bid to shorten his 50-year sentence for defrauding investors of more than $200 million.

Guyer settled $400,000 in Durham debts for just $35,000

December 31, 2015

Dr. Dale Guyer—who was thrust into the spotlight this week after a news report suggested his Indianapolis clinic provided HGH to Peyton Manning—borrowed heavily from convicted Ponzi schemer Tim Durham, starting in 2003.

Former Indianapolis developer tries to avoid return to jail

October 22, 2015

Sydney "Jack" Williams is at risk of going to jail for the second time since he avoided charges in a massive Ponzi scheme run out of Miami.

Durham fails to convince judge to reduce 50-year sentence

June 26, 2015

Convicted Ponzi scheme leader Tim Durham appeared in federal court in Indianapolis for a resentencing hearing Friday afternoon following the September dismissal of two fraud counts by the U.S. Court of Appeals.

Durham may see little payoff from dismissal of two counts

June 11, 2015

When Judge Jane Magnus-Stinson sentenced Durham to 50 years in 2012, she said there was no point to handing down a sentence that was a multiple of his likely life span.

CNBC’s ‘American Greed’ to profile Tim Durham

January 20, 2015

The show, which airs at 10 p.m. Thursday, follows Durham’s path from his modest roots in Seymour, Indiana, through his quest to become the world’s richest businessman to his arrest and conviction for running a $200 million Ponzi scheme.

Durham_in_cuffs

Appeals court affirms all but two of Durham’s convictions

September 4, 2014

The appellate court reduced Tim Durham's felony convictions from 12 to 10 and ordered him resentenced. It said the government, in an "oversight," had failed to submit key evidence related to the two dismissed counts.

Hogsett to resign this month as U.S. attorney

July 14, 2014

Joe Hogsett, 58, has long been the subject of rumored bids for both Indianapolis mayor and U.S. senator. His resignation letter on Monday made no mention of future plans.

Hogsett to resign this month as U.S. attorney

July 14, 2014

Joe Hogsett, 58, has long been the subject of rumored bids for both Indianapolis mayor and U.S. senator. His resignation letter on Monday made no mention of future plans.

Durham victims wait and wait, as quest for cash continues

July 2, 2014

The bankruptcy trustee who has been trying to scrape together money for victims of Indianapolis financier Tim Durham’s Ponzi scheme just struck two lawsuit settlements that underscore the daunting obstacles he faces.

Durham’s Geist mansion goes back to the bank at auction

March 6, 2014

Lender JPMorgan Chase & Co. took possession of convicted Ponzi schemer Tim Durham’s Geist mansion Thursday after the property failed to draw an offer higher than the bank’s base bid of $2.24 million.

Symbol of Durham’s opulence heading for a sheriff’s sale

February 13, 2014

Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.

Prosecutors concede no ground in Tim Durham’s appeal

December 5, 2013

In a new brief, the government insists it pursued wiretaps in late 2009 only after investigating the business using less-invasive techniques for 7-1/2 months.

Local businessman agrees to settle trustee claims

November 13, 2013

Stephen Blaising said in a recent court filing that he will pay $125,000 to satisfy a lawsuit brought by the bankruptcy trustee representing investors in an Ohio company led by Tim Durham.

Durham backers who exited early now taking financial hit

September 19, 2013

A group of elite Indianapolis investors who cashed out before Tim Durham’s financial empire collapsed have reached a settlement with a bankruptcy trustee requiring them to give most of their money back.

Durham’s appeal hangs on tossing damaging wiretaps

September 12, 2013

Attorneys for Tim Durham and his co-defendants cast their clients’ convictions on a total of 25 felony counts as the result of a string of legal missteps, including bungled jury instructions, and giving investigators the right to conduct wiretaps without first demonstrating that “ordinary investigative techniques failed or were unlikely to succeed.”

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