Buyer of prized Durham Duesenberg alleges fraud
A Virginia businessman is suing Tim Durham, alleging he and other defendants manipulated the September auction of a 1930 Duesenberg
that sold for $2.9 million.
Tim Durham
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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.
Bella Vita restaurant planned for Circle Centre
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.
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.
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.
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.
Feds drop Durham asset-seizure suit
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham’s assets after
receiving
assurance they wouldn’t vanish.
Fair Finance offices fail to reopen
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of
the company’s investment certificates.
Feds seek seizure of Durham’s assets
The federal government has filed court papers seeking forfeiture of Tim Durham’s property, including his 30,000-square-foot
Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
Disclosures key to feds’ probe of Durham’s Fair Finance
Any case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance
Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
Brizzi dropped plan to serve on board of Durham company
Marion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance
Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative
story about the company.
UPDATE: FBI searches Durham-owned company offices
Ohio securities regulators say Tim Durham’s Fair Finance Co. won’t be permitted to sell additional investment certificates
unless it satisfactorily answers a series of questions about the company’s ability to pay them back.
FBI serves search warrants on Durham-owned companies
The FBI on Tuesday executed search warrants at two companies led by high-profile executive Tim Durham—Indianapolis-based
Obsidian Enterprises Inc. and Akron, Ohio-based Fair Finance Co.
Related-party loans pile up at Durham-owned finance firm
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
Durham insider deal sparks outcry
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Geist restaurateur buffeted by financial squalls
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.