Fair Finance press release leaves investors hanging
The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
Greg Andrews
Articles
Federal filing lists another link between Brizzi, Durham
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.
Federal filing lists another Brizzi investment in Durham-related firm
Marion County Prosecutor Carl Brizzi is listed in a federal filing as an investor in Los Angeles-based Red Rock Pictures Holdings,
a company linked to embattled Indianapolis businessman Tim Durham.
Class-action suit seeks millions for Fair Finance investors
Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair
Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive
damages.
Ohio balks at Fair Finance’s latest effort to register securities
Ohio securities regulators have asked for a mountain of additional information from Tim Durham’s Fair Finance Co. that
they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
Durham enlisted directors with personal, financial ties
Carl Brizzi’s short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
SEC probing Durham deal with Texas firm
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham’s Fair Finance Co.
Feds drop Durham asset-seizure suit
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham’s assets after
receiving
assurance they wouldn’t vanish.
Fair Finance offices fail to reopen
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company’s investment certificates.
Feds seek seizure of Durham’s assets
The federal government has filed court papers seeking forfeiture of Tim Durham’s property, including his 30,000-square-foot
Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
Disclosures key to feds’ probe of Durham’s Fair Finance
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.
Brizzi dropped plan to serve on board of Durham company
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.
UPDATE: FBI searches Durham-owned company offices
Ohio securities regulators say Tim Durham’s Fair Finance Co. won’t be permitted to sell additional investment certificates
unless it satisfactorily answers a series of questions about the company’s ability to pay them back.
Biglari was persistent in pressing Western Sizzlin deal
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
Debt-shedding efforts start to pay off for Brightpoint
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
Failed jewelry retailer to sell millions in inventory
An old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining
inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
Retailers surprisingly upbeat as they head into holidays
Those in the trenches say this won’t be a blockbuster Christmas, but it won’t be horrid, either.
Failed Charlotte skyscraper brings Indianapolis developer back to earth
The Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas, with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.
Steak n Shake’s Biglari adds intrigue by buying stake in insurer
The Indianapolis-based company’s CEO revealed earlier this year that he intends to use Steak n Shake as a holding company
that will pursue purchases “either related or unrelated to its ongoing business activities.”
Related-party loans pile up at Durham-owned finance firm
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.