Feds Accuse Former Ice Miller Atty Of Ponzi Scheme

Law360, New York (November 30, 2009, 4:29 PM EST) -- Federal authorities have raided two offices of former Ice Miller LLP attorney Timothy Durham, accusing the Indiana financier of wire fraud, money laundering and running a Ponzi scheme through his Fair Financial group of financial services companies.

Durham, his companies and his associates participated in a scheme to defraud numerous people by convincing them to buy investment certificates in Fair Finance Co., of which Durham is director and CEO, according to a property forfeiture complaint the U.S. Attorney's Office filed in the U.S. District Court for...
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