The Akron headquarters of Fair Finance Co. remained closed this morning after the beleaguered business on Friday said it was getting back most of its computers that were confiscated in an FBI raid last month.
The company had said in a news release Friday that it hoped to restart its accounts receivable billing and collection business but did not know when or where it would reopen.
The company also said last week it does not know when or if it will be able to resume selling and redeeming investment certificates.
Ohio investors may have as much as $200 million in outstanding investment certificates with Fair Finance, which also does business as Fair Financial Group. The certificates are not government insured.
The main entrance sign at the 815 E. Market St. headquarters continued to be marked ''Unfair'' Finance — the sign had been scrawled over last week. Several parking signs behind the building remained similarly marked.
Federal investigators have shown in court records that they suspected Fair Finance, sold in 2002 to Indiana businessman Tim Durham and partner James Cochran, was being run as a Ponzi scheme. No one has been charged or arrested as part of what the U.S. Attorney for the southern district of Indiana says is a continuing investigation.
The FBI raided the Akron offices and offices of a related business in Indianapolis on Nov. 24. Fair Finance offices have remained shut after closing for all of Thanksgiving week.
Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com.
