Investors in failed Church Extension poised to recoup 70 percent
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
Indianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search
warrant documents related to the federal investigation of businessman Tim Durham.
All parents hope to teach their kids the value of money. Few end up successfully investing hundreds of millions of dollars
together. But for a handful of top local teams, wealth management is a family affair.
Agreement accelerates Stifel’s repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.
A rising stock market will prompt consumers to start spending again, says Barclays economist Dean Maki.
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
The word “tax” tends to immediately raise the blood pressure of most Americans. And while the purpose of most
taxes is to raise revenue for the assessing government body, taxes can also be targeted toward changing individual and corporate
behavior.
The U.S. Attorney’s Office alleged in court papers that one of his businesses, Ohio-based Fair Finance Co., operated as
a Ponzi scheme.
Daily newspapers on Thursday filed a motion seeking to unseal search warrant documents related to the federal investigation
of Indianapolis businessman Tim Durham and Akron, Ohio-based Fair Finance Co.
More than half of the venture capital fund’s original investors took a pass on its $58 million successor, the newly launched
INext.
One of the strongest messages the broad market is sending us today is that investors are looking for liquidity.
The new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
Tim Durham’s Fair Finance Co. says it needs another 30 days to provide Ohio regulators with a mountain of documents
they requested relating to insider loans and other issues.
The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
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.
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.
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 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.