Tim Durham owes thousands in unpaid taxes

INDIANAPOLIS (WISH) - 24-Hour News 8 has uncovered new information about Indianapolis businessman Tim Durham and his financial investments.

Durham's Ohio based company Fair Finance is being investigated for being part of a Ponzi scheme.

The Durham investment mess has included an FBI raid on his downtown office, moving vans 24-Hour News 8 caught in from of his Geist home last week, and a story 24-Hour News 8 broke on a northeast side Indianapolis sports academy owned by Durham's sister and brother in law with nearly $100,000 owed in back taxes.

Durham has moved many of his personal belongings out of his Geist home and into a home in California where he now lives.

But in the move, Durham left behind thousands in unpaid property taxes.

Documents 24-Hour News 8 got from the Hamilton County Auditor's Office show Durham didn't pay any taxes on his house last year. He owes $47,641.18.

Documents obtained by 24-Hour News 8 found that there is a mortgage on the home of nearly $3.5 million and what appears to be a line of credit of up to $1.5 million.

A vacant medical building for sale in Carmel is owned by Diamond Investments, one of Durham's investment companies operated out of his downtown Indianapolis office. The building is listed for $2.8 million, but like other Durham properties, it has strings attached.

The parcel information report from Hamilton County shows there are nearly $62,000 in unpaid taxes owed on the property.

According to Hamilton County records, no taxes have been paid on the property in nearly two years.

In addition, the recorder's office in Hamilton County shows there is a mortgage on it that appears to be a line of credit, of up to $1.5 million.

Despite the huge tax bills neither Durham's home nor the Carmel medical building are part of a sheriff's tax sale.

According to the county treasurers office, things got off track last year because of changes in property tax due dates made by the state of Indiana.

But the treasurer's office says any property that has taxes due from last July or sooner, that hasn't been paid by this July, will be certified for tax sale. That sale takes place in October.