INDIANAPOLIS (WISH) - The case against Indianapolis financier Tim Durham continues tounfold.
On Monday, the U.S. attorney filed a motion dismissingefforts to seize Durham's assets.
Last week, the government filed paperwork asking to seize anumber of Durham's properties and bank accounts. The propertiesinclude Durham's sprawling 30,000 square foot Geist home.
U.S. Attorney Tim Morrison told 24-Hour News 8 there wasprobable cause to believe many of the assets were gained throughunlawful acts.
The government was concerned Durham may try to sell off some ofthose belongings. The district attorney says he was assured thatwould not happen.
Morrison did say the government will move to seize Durham'sassets, if the case becomes a criminal matter.
In court papers, federal authorities accused Durham of running aPonzi scheme in Ohio in which he allegedly used money from newinvestors to pay off old investors.
Durham's attorney said he is no Bernie Madoff.
"They shouldn't link it with Madoff. Everybody familiar withMadoff knows the FBI never executed any search warrants. Theydidn't know they didn't know anything was going on with Madoff.People should understand, when the government wants to investigateyou, this is how they do it," said John Tompkins who isrepresenting Durham.
Durham's Ohio business that is under investigation for operatingan alleged Ponzi scheme was closed Monday.
The Akron-Beacon Journal newspaper reported a stream of worriedcustomers turned up at Fair Finance Company to check on theirinvestments.
When they arrived, they found a notice on the door which read,"Due to unforeseen circumstances, Fair Financial Services istemporarily closed. We look forward to serving you upon ourreopening."
24-Hour News 8 called the company. An outdated recording saidthe company was closed for the Thanksgiving holiday and would openback up on Monday. Last week, Durham's attorney said opening thebusiness back up was a top priority for his client.
"We're dealing with some of the logistics of seeing what it isgoing to take to keep the companies operating for the sake of thoseemployees and other people who would obviously have interests inthose companies."
4:45 PM UPDATE: Indiana State Police in the Indianapolis district say troopers responded to 126 crashes between 6 p.m. Thursday and Noon on Friday.
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Four people were injured - two in critical condition - at local hospitals Friday after three vehicles crashed in Greensburg.