A little bit of an older link, but an interesting look at First National Bank of Indiana’s potential ties to alleged Durham Ponzi scheme.
The key piece: Anthony P. Schlichte a former executive at FNBI is now/was an Executive Vice President with Durham’s Obsidian Enterprises.
The Durham tentacles continue to grow, now hooking in a Oaklandon fitness center owned by a Durham business partner … and possibly in the hock to Fair Finance for half a million dollars.
Bonus: A surprisingly coherent comment thread thus far.
Bankruptcy after all.
Lots of smoke downtown. The source? A restaurant fire.
Not a lot new in the WRTV article, but I’m mostly linking it for the large list of downloadable pdfs at the end containing various court documents.
Guessing they found that option better than forced bankruptcy.
A former cell-phone distributing company, owned by Tim Durham and later turned into what looks suspiciously like a shell for financial hijinks involving consumer debt at Fair Finance is closing …
To the surprise of no one.
IndyStar takes a look at a proposed overhaul to Indy’s mass transit involving expanded bus routes, light and commuter rail.
The catch? An extra $10-15 per month per person in sales tax to generate more than a billion dollars for the project.
There’s also a map, which is unfortunately unzoomable.
See, the *parent company* is based in San Antonio, not Steak n Shake.
Sure. Right. Whatever you say.
Original IBJ story (which says essentially the exact same thing as the press release), available here.
Headline’s a little misleading. A group of Ohio investors have filed for an involuntary Chapter 7 bankruptcy for fair Finance, but has not been granted yet.
