Brought to you by WBIW News and Network Indiana
Last updated on Wednesday, January 25, 2012
(SEYMOUR) - The mother of Tim Durham, is the target in a lawsuit involving Fair Fiance Company in Ohio.
Mitza Durham, of Seymour, claims the family never had anything to do with the finance company.
Fair Finance is at the center of a bankruptcy filing and federal indictments involving allegations of a Ponzi scheme against Seymour native Tim Durham and his business partners Jim Cochran and Rick Snow.
The FBI raided Durham's offices in Indianapolis in November 2009. He and his partners were indicted by a federal grand jury in March on 12 charges including wire fraud, securities fraud and conspiracy to commit wire and securities fraud.
All three denied any wrong doing.
Mitza Durham was named in the lawsuit filed Friday claiming she received more than $831,000 in transfers from her son. the 58 checks or wire transfers took place in the four years before Tim's financial empire collapsed in 2009.
This lawsuit is among 25 filed last week against individuals and businesses that collectively owe the bankruptcy estate more than $5.9 million.
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