Symbol of Durham’s opulence heading for a sheriff’s sale
Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
Tim Durham
Prosecutors concede no ground in Tim Durham’s appeal
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.
Still nothing for investors, as Fair Finance legal fees balloon
The Cleveland law firm representing the bankruptcy Trustee Brian Bash is seeking approval for more than $11 million in fees.
Local businessman agrees to settle trustee claims
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 family members agree to settle trustee claims
Attorneys for the Fair Finance trustee said Tim Durham's ex-wife, Joan SerVaas, has agreed to pay $100,000 and Bernard Durham, his adopted son, $10,000 to settle a lawsuit charging they accepted nearly $300,000 from the disgraced financier.
Fair bankruptcy judge issues $33M verdict against Dan Laikin
The case stems from a line of credit the Indianapolis businessman received from Tim Durham's Fair Finance Co. Attorneys for the failed company said Laikin amassed tens of millions of dollars in debt he never repaid.
Durham backers who exited early now taking financial hit
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
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.”
Fair Finance trustee to continue pursuit into 2014
The attorney charged with recovering some $200 million for the 5,300 investors bilked by Tim Durham’s Fair Finance Co. plans to continue filing lawsuits for reparations into next year.
Fair Finance investors still empty-handed as trustee plows on
Many of the defendants pursued by Brian Bash and his team have few, if any, assets. And those that do have the wherewithal to fight litigation for years.
Lampoon: Durham used $1M from company to pay attorney
Film company once headed by Indianapolis financier Tim Durham says he transferred $1 million to his Indianapolis lawyer, John Tompkins, while fighting federal securities fraud charges.
High-priced Chicago firm handling Durham’s appeal pro bono
A lawyer from one of the nation’s largest law firms is handling the convicted financier’s federal appeal free of charge, court documents show.
Indiana tries to close loophole that helped Durham commit fraud in Ohio
The legislature is considering a bill that would require intrastate securities offerings to file audited financials, a safeguard that caused trouble for Fair Finance investors.
Lampoon paid for Durham’s defense, trustee alleges
Fair Finance bankruptcy trustee Brian Bash, charged with recovering funds for Fair investors, alleges in a court filing that National Lampoon funded convicted Ponzi schemer Tim Durham’s defense. Durham is a former CEO of the film company.
Durham can appeal fraud sentence as indigent, judge rules
A federal judge says former Indiana financier Tim Durham doesn't have to pay to appeal his conviction for swindling investors out of more than $200 million.
Trustee settles for $3.5M with former Fair Finance owner
Donald R. Fair, the former owner of Fair Finance Co. who sold the business to fraudsters Tim Durham and James Cochran, agreed to the settlement Thursday.
Investors let down guard, opening door to Durham fraud
Shouldn’t the 5,100 Ohio investors who lost more than $200 million when Fair collapsed have seen Fair’s lofty interest rates as a red flag?
Successful Durham appeal unlikely, outside lawyers say
Local criminal defense lawyers who tracked the trial of Tim Durham and his accomplices say chances are slim that they would prevail on appeal. One said Durham would have a better chance of winning the lottery.
Durham gets 50 years for fraud scheme
Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.
Fraud victims detail losses before Durham’s sentencing
A 74-year-old former nun who cares for young children to earn a living after being swindled out of her life savings and a woman whose father lost $170,000 in proceeds from the sale of his farm testified against Tim Durham and his two fraud accomplices Friday morning.