Bankruptcy trustee for Fair Finance wades into morass of insider loans
Brian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to make sense of them.
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HAUKE: Letter to David Simon: Be careful with General
Simon is at a crossroads where many other CEOs have found themselves, with most of them getting caught up in the circus, only to find destruction in their wake.
Judge places Fair Finance into bankruptcy
A federal trustee will take control of the company’s assets while securities-fraud probes continue.
SKARBECK: Economic Greek tragedy could play out globally
Fears that Greece may default on its government debt have kept global markets on edge.
Local investment firm sold
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients
include physicians and physician groups, has $350 million in assets under management.
Judge weighing request to unseal Fair Finance records
A federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
Fair Finance going along with appointment of receiver
Attorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
Durham-backed firm to halt trading, dissolve
Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
Underrated entrepreneurs
The Indianapolis area is home to myriad unsung entrepreneurs who run interesting companies, make money and create good jobs.
Here are some of them.
Fair Finance investors file motion for receiver to control assets
The motion filed in an Ohio court is aimed at preventing funds from disappearing while investigations continue.
SKARBECK: Biglari’s ambitious, but he’s no Buffett
While Sardar Biglari’s effort to duplicate Warren Buffett is clear, some of the Steak n Shake chief’s moves have been superficial.
Health care venture capital swoons in Indy, holds steady statewide
The uncertainty of health care reform and a bad economy curtailed venture capital flow in 2009.
Unsung Manning sibling a player in investment field
Cooper Manning, brother of Super Bowl winners Peyton and Eli, is a big success in his own right as a broker of energy stocks.
But you’ll rarely hear him mention the sibling connection to his clients, or that he’s buddies with Drew Brees.
Fair Finance investors aim ire at U.S. attorney
Ohio residents who put money into Tim Durham’s company want the U.S. Attorney’s Office to seize his and the company’s assets.
Vetting your sweetheart
With Valentine’s Day approaching, a Purdue prof calls for sober due diligence before engagement rings find their
way onto fingers.
Fair Finance investors fear money is disappearing
Ohio residents who attended investor meeting say recovering funds hinges on locking down assets that remain.
Durham yacht up for sale; asking price $4.8 million
Indianapolis financier Tim Durham’s famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his
holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.
Market on three-day losing streak
U.S. stocks sank again Friday, extending the market’s biggest three-day tumble since March, as financial shares slumped on
President Obama’s plan to rein in banks.
SKARBECK: Stocks that pay dividends can provide yield, safety
These are challenging times for savers who demand a high level of safety from their investments.
One exec pays off risky loan, another pays a big price
Emmis’ Jeff Smulyan paid off a loan collateralized by nearly all his Emmis stock. Retired Duke Realty Chairman John Wynne is facing new fallout from his margin loan, with the lender on his Williams Creek home pursuing foreclosure.