There is a real possibility that the highs for the bond market have been reached, and we are in the early stages of what may turn into a powerful, sustainable and long-term bear market for government bonds.
First Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.
Ohio-based Fair Finance Co. told securities regulators this week that it is withdrawing its request for approval
to sell an additional $250 million in investment certificates.
During this century’s first decade, investors had to cope with the uncertainties surrounding 9/11; huge corporate failures
including Enron, Worldcom, Fannie Mae, Freddie Mac, and Lehman Brothers; and volatility wrought by both the tech and housing
bubbles.
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.
