The accounting firm Tim Durham hired to review the Ohio company’s 2003 finances refused to complete an audit because of concerns about the accuracy of its numbers and the appropriateness of its practices. The FBI raided Fair Finance in November 2009.
Federal prosecutors in the Tim Durham fraud trial on Wednesday sought to introduce into evidence an IBJ investigative report from October 2009, but a judge agreed with a defense attorney and denied the request.
The men who presided over Ohio-based Fair Finance were at their wits end by late 2009. In government-recorded phone calls and intercepted e-mails introduced as evidence in U.S. District Court this week, they come across as exhausted, angry and determined.
Donald Russell, a retired deputy sheriff, is among the more than 5,000 clients of Fair Finance who lost big investments with the Ohio firm. After testifying on Tuesday during the fraud trial for Fair owner Tim Durham, he shared his story with IBJ.
Tim Durham and his co-defendants in the fraud case involving Fair Finance sit on the same side of the courtroom, but that doesn't mean their interests are always aligned.
The former controller at Fair Finance is testifying at the fraud trial of Tim Durham as a star witness for the federal government in exchange for immunity from prosecution.
Tim Durham’s attorney is hellbent on preventing prosecutors from fixating on the things that made the Indianapolis financier a staple of TV news and gossip columns—his fancy cars, waterfront mansion and other trappings of a lavish lifestyle. Durham’s trial is set to begin on Friday.
A large question looms in the wake of the April 27 announcement that Conour has been charged in a federal criminal complaint with misappropriating more than $2.5 million in client funds from December 2000 to March 2012. If he is indeed guilty of the wire-fraud charge he faces, where did all the money go?
William F. Conour, 64, turned himself in to federal authorities Friday morning, accused of engaging in a scheme from December 2000 to March 2012 to defraud his clients, using money obtained from new settlement funds to pay for old settlements and debts.
A 70-year-old Trafalgar man who made empty promises of multimillion-dollar gifts to local cultural institutions was sentenced to six years of probation Thursday morning in an unrelated check-fraud case.
A financial adviser for Indianapolis Colts defensive end Dwight Freeney and the adviser's lover have been arrested on federal wire fraud charges that allege they swindled about $2.2 million from the lineman.
Keenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received a 10-year federal prison sentence Friday morning.
An Indianapolis attorney has pleaded guilty to theft charges after prosecutors say she took nearly $600,000 from two accounts for which she was responsible.
Indiana's ousted top elections official was sentenced Thursday to a year of home detention for six felony convictions that a judge refused to reduce to lesser crimes — a ruling that, if upheld on appeal, will likely cost him not only his office but also his law license and livelihood.
Each of the charges White, Indiana's secretary of state, was convicted of is a class D felony carrying a penalty of six months to three years in prison.
Transcripts of phone conversations capture Fair Finance CEO Tim Durham discussing ways to recast company financials to mitigate Ohio securities regulators’ concerns about massive insider loans.
Those named in the latest lawsuits include Tim Durham’s ex-wife, Joan SerVaas; B.J. Durham, SerVaas’ biological son who was adopted by Durham; and the financier’s sister, Courtney Durham.
Party Chairman Dan Parker said the party will seek to have its 2010 candidate Vop Osili, who lost to Charlie White by about 300,000 votes, certified as secretary of state during the coming week.
Indiana's secretary of state began facing voter-fraud charges Tuesday in a case that could decide if he remains as the state's top election official.
Kim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
