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Articles

Durham’s Geist mansion listed for $5.5 million

June 19, 2010

Beleaguered local businessman Tim Durham’s Geist home is listed for sale with a $5.5 million asking price.

EDITORIAL: Time for Brizzi to heed calls to step down

April 8, 2010

Carl Brizzi’s once-promising political career is coming to an end. He won’t become a mayor or a congressman or
win election to any of the posts that seemed within his grasp when he was an up-and-coming Republican.

IBJ honored for Simon and Durham stories, Web site

March 25, 2010

IBJ received three national journalism awards at the Society of American Business Editors and Writers’ annual conference March
20 in Phoenix.

Big payday for lawyers in concrete price-fixing case irks Duke

March 25, 2010

Duke Realty is fighting a request to award an additional $9.7 million in attorneys' fees, calling the amount excessive.

IBJ wins national journalism awards

March 23, 2010

IBJ received three national journalism awards at the Society of American Business Editors and Writers’ annual
conference on March 20 in Phoenix.

Mysterious $14M Verizon payable looms over Durham firm

March 18, 2010

CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after
he left.

Brizzi’s lease deals benefited friend, donor

March 11, 2010

Records show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor’s Office to his friend, business
partner and political contributor John Bales.

Judge halts dissolution of struggling Durham firm

February 26, 2010

A judge has blocked Tim Durham and other directors of Dallas-based CLST Holdings Inc. from dissolving the struggling company
at the close of business Friday. Its largest shareholder hopes to place dissident candidates on the board.

Durham-backed firm to halt trading, dissolve

February 10, 2010

Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.

Durham yacht up for sale; asking price $4.8 million

January 26, 2010

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.

Bank says Durham had no right to sell Duesenberg

January 18, 2010

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.

Brizzi silent on controversy as he opts against 3rd term

January 14, 2010

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

January 14, 2010

First Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.

Investors in failed Church Extension poised to recoup 70 percent

January 7, 2010

Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.

IBJ, Wall Street Journal seek unsealing of Durham records

January 5, 2010

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

December 29, 2009

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.

Durham firm departing top floor of Chase Tower

December 23, 2009

Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month, real
estate sources say.

Prosecutor Brizzi a big player in real estate

December 17, 2009

Carl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.

Buyer of prized Durham Duesenberg alleges fraud

December 17, 2009

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.

Federal filing lists another link between Brizzi, Durham

December 11, 2009

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.

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