News Sections
Federal Government Drops Lawsuit Against Indy Businessman
Updated May 5, 2013 12:07 AM | Filed under: Network Indiana
 Print    Archive    RSS

(INDIANAPOLIS, IN) - The federal government has dropped a civil lawsuit against an embattled Indianapolis businessman.

US Attorney Tim Morrison filed papers Monday to dismiss the lawsuit against Tim Durham, who is accused of operating a ponzi scheme.

Morrison says the decision came after he was assured Durham will not try to hide or sell his assets, which include a 30,000 square foot mansion on Geist Reservoir and a $1.8 million dollar Bugatti Sportscar.

Federal investigators accuse Durham of running the scheme that defrauded investors of Ohio-based Fair Financial.

The 47-year-old also runs Obsidian Enterprises located in downtown Indianapolis.

Durham has not been arrested or charged with any crimes, but the investigation is ongoing.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2017 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback