Articles

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.

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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.

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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.

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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.

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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.

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Top local money managers hedge against stagflation

Faced with the potential for another bout with stagflation, investment managers are scrambling to decide how to face a future when markets may again be thrown into turmoil by the two-headed monster of frisky price increases and crummy economic conditions.

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Local SBA lending dropped 17 percent in 2009

Local loans issued through the Small Business Administration’s popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city’s four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.

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