INDIANAPOLIS (WISH) - It may be only a week or two now, until a lawsuit is filed in an Ohio court that will give details, background and name names in the Timothy Durham Fair Finance bankruptcy case, 24-Hour News 8 has learned.
Kelly Burgan, the attorney for the trustee handling the Fair Finance bankruptcy told 24-Hour News 8 anchor David Barras, that the filing will make public what has been found in the nearly year-long investigation.
"I want to say in the vicinity of 100 — give or take — entities that were owned or controlled by Timothy Durham and many of those entities received money directly or indirectly from Fair Finance company," Burgan said.
Fair Finance is the Akron, Ohio company that Indianapolis businessman Tim Durham is believed to have used to finance his businesses and a lavish personal lifestyle. More than 5,000 investors lost $218 million in Fair Finance investments. The bankruptcy trustee is trying to get that money back.
Burgan told 24-Hour News 8 that the lawsuit will lay out the story of what happened at Fair Finance.
"I think the public will be able to get a sense of what we now know and a sense of what occurred and why we are making the allegations that would be made," she said.
The expected lawsuit is civil and has nothing to do with the criminal investigation. But Burgan said the trustee's office is sharing information it uncovers with federal and state authorities.
Durham hasn't been charged in the case.
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