Fair Finance Co.’s bankruptcy trustee sued Shelbyville’s SCB Bank this week, charging it refuses to turn over hundreds of thousands of dollars it raised by auctioning off one of Tim Durham’s most valuable automobiles, a 1929 Duesenberg.
A federal judge denied a request from indicted financier Tim Durham to relax the rules of his home detention. The judge also appointed a public defender for his business partner, James F. Cochran.
The Fair Finance bankruptcy trustee has subpoenaed Brightpoint Inc. CEO Robert J. Laikin as it tries to recover more than $19 million Laikin's brother borrowed from the Ohio company.
Fair Finance Co.’s bankruptcy trustee this week sued National Lampoon Inc. seeking to recover millions of dollars that indicted financier Tim Durham provided the ailing Los Angeles-based comedy business over the past decade.
Fair Finance's trustee says Bosma has agreed to return a $10,000 contribution from Durham. Meanwhile, Carl Brizzi, another big recipient of Durham donations, is in settlement discussions with the trustee.
The five lawsuits filed this week do not include the biggest recipients of Tim Durham’s political largesse—campaign committees associated with Indiana Gov. Mitch Daniels and former Marion County Prosecutor Carl Brizzi.
Instead of individually notifying the 5,400 investors that Tim Durham and two business partners are accused of defrauding, prosecutors want to keep them apprised of court proceedings through websites and an automated call center.
A federal judge has denied a request by Tim Durham, who is accused in a $200 million fraud scheme, to be released from an Indianapolis halfway house
Federal Judge Jane Magnus-Stinson on Thursday morning vacated the original trial date of May 16 and instead set jury selection for June 8, 2012. Meanwhile, lawyers for Tim Durham argued for his release from a halfway house he was sent to on Wednesday.
A federal magistrate on Wednesday ordered indicted financier Tim Durham held at a halfway house for seven days until he can provide a better accounting of his finances. The magistrate said “money means flight.”
Former Indiana businessman Timothy Durham, 48, who is accused in a $200 million fraud scheme, is scheduled to appear in federal court in Indianapolis on Wednesday at 2:30 p.m.
The Hamilton County Prosecutor's Office has dropped domestic battery charges against Fair Finance Co. co-owner Jim Cochran after the alleged victims declined to pursue the case.
Fair Finance’s bankruptcy trustee says attorney Stephen Plopper and his wife are paying the full amount due under a loan that matured in 2006.
Still under wraps is the the FBI affidavit in support of the Fair Finance search warrant. Prosecutors contend releasing that "would greatly prejudice the criminal case."
Unlike the other defendants, Fair Finance executive Rick Snow isn’t accused of tapping the company for a bevy of loans, then failing to repay the money.
Joan SerVaas issued a written statement saying she and her father signed off on a $1 million bond because they’re confident Tim Durham will continue to cooperate with federal authorities and abide by the conditions of his release.
A federal magistrate in California has ordered a former Indiana businessman accused in a $200 million fraud scheme released on $1 million bond.
A federal magistrate in California has delayed until Monday a detention hearing for Tim Durham, a former Indiana businessman accused of running an elaborate Ponzi scheme that defrauded investors of more than $200 million.
Defense attorneys representing indicted businessman Tim Durham and two other executives tied to bankrupt Fair Finance Co. could have a hard time convincing a jury to find them innocent. Federal prosecutors won 94.1 percent of their cases in 2009.
Authorities say Fair Finance, led by indicted businessman Tim Durham, owes 5,200 investors $230 million. But they’re likely to recoup just a “teeny-tiny” fraction.
