Ind. businessman indicted, faces SEC fraud charges (was a Republican donor)

alp227

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Wed Mar-16-11 04:04 PM
Original message

Ind. businessman indicted, faces SEC fraud charges (was a Republican donor)

Source: Associated Press

INDIANAPOLIS � An Indianapolis businessman and top Republican donor has been indicted on charges stemming from an investigation into whether he operated a Ponzi scheme to defraud investors of hundreds of millions of dollars.

FBI spokeswoman Laura Eimiller says Timothy Durham was arrested at his home in West Hollywood, Calif., without incident Wednesday morning.

U.S. Attorney spokeswoman Mary Bippus says a press conference is scheduled Wednesday in Indianapolis.

The Indianapolis Star reports Durham and two others have been indicted on 12 felony counts including wire fraud and securities fraud.

Read more: http://www.washingtonpost.com/ind_businessman_indicted_faces_sec_fraud_charges/2011/03/16/ABR50ze_story.html

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wilt the stilt

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Wed Mar-16-11 04:34 PM
Response to Original message

1. Whether?

If it stinks and involves money it will almost always be a republican. Their true God is money.

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AngryOldDem

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Wed Mar-16-11 05:31 PM
Response to Reply #1

5. And the majority of his victims were the Amish and the elderly. n/t

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BobbyBoring

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Wed Mar-16-11 04:34 PM
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2. I guess

He didn't donate enough to achieve the above the law status so many rethugs enjoy~

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joanbarnes

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Wed Mar-16-11 05:22 PM
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3. Typical.

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StarburstClock

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Wed Mar-16-11 05:25 PM
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4. Here's a CNBC link praising the wonderful millionaire lifestyle, LOL

Inside the Life of Millionaire Tim Durham

http://www.cnbc.com/id/25099682/?slide=1

Here's the criminal being hauled off to jail in handcuffs:

http://www.baltimoresun.com/entertainment/ktla-national-lampoon-arrest,0,7316491.story

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