Congressman Holds Community Forum On Fair Finance's Dealings
8:53 AM, Jan 27, 2010
Hundreds of people who claim they're owed millions of dollars want embattled Indianapolis businessman Tim Durham to pay up.They packed a meeting organized by Rep. John Boccieri, D-Alliance, Ohio, Tuesday to express fear that they have lost a lot of money, 6News' Rafael Sanchez reported.
"I have not received one piece of information from Fair Finance," said one woman, echoing the sentiments of dozens of other people.Those in the meeting, mostly older investors, trusted Fair Finance with their investments. The FBI raided Durham's business in Ohio and his office in Indianapolis in November."What are you doing with our money? Where are you putting it?" said another woman. "Are you investing it in something else?"Investors want a bankruptcy court to appoint a trustee to operate Fair Finance's money.Boccieri said he has asked the U.S. attorney in Indianapolis to freeze Durham's assets until there is a full accounting of the millions he said investors are owed."The allegations that were filed by the attorney's office state that Mr. Durham may have committed fraud," Boccieri said. "He has said on numerous occasions to the press that he not only wanted to be one of the richest men in the world, he wanted to be the richest man in the world. Not on the backs of my constituents."U.S. Attorney Tim Morrison told Sanchez that he received a letter from Boccieri but, as required, passed it to the Department of Justice for their response.The offices of Fair Finance, also known as Fair Financial, remain closed. Morrison said the investigation into the company and Durham is ongoing.No criminal charges have been filed against Durham, and his attorney has said that his client believe he has done nothing wrong.