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Saturday, April 9, 2011

INDY BUSINESSMAN BUSTED IN MASSIVE $200M FRAUD

WOULD YOU BUY A LEMONADE OFF THIS GUY?
WE BLAME public service unions for this one. Well, we kid. Meet Greedhead Tim Durham. Occupation: financial services. The Indiana bidnessman is now the latest corporate crook who screwed people out of oodles of money. Now known  as the largest corporate fraud in Indiana history, Durham has been hammered with 10 counts of wire fraud, conspiracy and security fraud.
The judge even suggested he was lying during a recent court appearance regarding his assets.
Durham is accused of stealing $200 million from 5200 people and using Fair Finance as his own piggy bank. The company is now bankrupt.
What did he spend it all on? Oh, the usual: himself. As dad said, 'steal with a briefcase, son, not a gun.'
Durham can only travel in California, Indiana and Florida and is wisely banned from dealing with money from investors. He is currently free on a $1 million bail while he awaits a trial date.
TITANS OF AMERICAN COMMERCE

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