The Innovate Indiana Fund will invest $5 million over the next five years to commercialize IU technologies and another
$5 million to help IU-affiliated startups get off the ground.
The Indiana Secretary of State’s securities division says Indiana State Teachers Association can’t account for $23 million
intended for
school districts, requests assets be frozen.
The combined firm will have more than 8,700 members and more than $20 million in assets.
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham’s Fair Finance Co.
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 Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company’s investment certificates.
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
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.
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.
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
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.
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.
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.
The banking crisis isn’t the only reason to rethink the ubiquitous “We care” theme.
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial
real estate loans.
The market often stays wrong much longer than the early investors stay solvent.
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
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.
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
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.
