Stifel, Rokita reach settlement in auction-rate securities case
Agreement accelerates Stifel’s repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.
Investing
Articles
‘Most accurate’ forecaster predicts surge
A rising stock market will prompt consumers to start spending again, says Barclays economist Dean Maki.
Fair Finance’s past gave investors, regulators false comfort
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
SKARBECK: What we need is a tax on stock transactions
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.
NEWSMAKER: High-flying exec Durham ensnared in probe
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.
Newspapers seek to unseal Durham search warrants
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.
First Indiana Future Fund off to a slow start
More than half of the venture capital fund’s original investors took a pass on its $58 million successor, the newly launched
INext.
HAUKE: Unusual times mean tough money decisions
One of the strongest messages the broad market is sending us today is that investors are looking for liquidity.
New BioCrossroads venture fund raises $58 million
The new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
Still hoping to sell securities, Fair Finance seeks extension
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.
Fair Finance press release leaves investors hanging
The statement says the company anticipates reopening its loan-collection arm, but offers no assurances to the Ohio investors
it owes.
Federal filing lists another link between Brizzi, Durham
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.
Federal filing lists another Brizzi investment in Durham-related firm
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.
Class-action suit seeks millions for Fair Finance investors
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 balks at Fair Finance’s latest effort to register securities
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.
$75M investment in ExactTarget may be Indianapolis record
The amount raised since October is in addition to the $69.9 million it received in May from three venture
firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter,
according to the National Venture Capital Association.
Durham enlisted directors with personal, financial ties
Carl Brizzi’s short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
Indiana University launches $10M seed fund
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.
State sues teachers’ union for securities fraud
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.
SEC probing Durham deal with Texas firm
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham’s Fair Finance Co.