Carl Brizzi’s short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
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.
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.
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.
Indianapolis 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.
Indianapolis 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.