Tim Durham

Latest High-Flying Accused Ponzi Schemer Has Ties To Indiana Guv

Zachary Roth | November 30, 2009, 2:06PM

Tim Durham

Meet the latest high-living accused Ponzi schemer with close ties to Republican politicians. That would be Tim Durham, the flamboyant Indianapolis-based owner of Fair Finance Co., and ally of Governor Mitch Daniels...

In court papers filed last week by the Feds and examined by TPMmuckraker, Durham was accused of using money from new purchasers of his company's investment certificates to pay off earlier investors, thereby thereby "lulling the earlier victims into believing that their money was being [handled] responsibily." The filing followed an FBI raid last Wednesday on Durham's Indianapolis office.

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