Fair Finance: Day 1
Cindy Scott, reflected on their TV screen, holds the Fair Finance investment certificates she purchased for her four children to help give them a better start with their financial future as she talks about what she lost and what their lives have been like after losing those investments after the company went bankrupt. (Ed Suba Jr./Akron Beacon Journal)
8/27/03 -- (PHOTO BY TIM HALCOMB) W/STORY FILE 87814 SLUG: DURHAM01 // Tim Durham sits in his office of the 48th floor in the Bank One building, with a view of Indianapolis in the background.
GENERAL INFORMATION: Tim Durham, chairman and CEO of Obsidian Capital, holds the highest perch in the city: the 48th floor of the Bank One Tower. He and his buyout firm became king of the office hill by bottom fishing. After Bank One�s Joe Barnette moved out, the building sat vacant for about 9 months, before Durham agreed to sign a 17-year lease for cheap. The office is symbolic of Durham�s business practices. He has made his money by finding solid companies at a decent price, then growing them much larger and selling them off. He also tries to achieve synergies from his various companies. In the office, he leases out the 30-seat boradroom and a dining area, formed a catering service out of the idnustrial kitchen he now owns, and sub-let some extra space to attorenys he works with closely.
Shown in this 2003 file photo, Tim Durham, Chairman and CEO of Obsidian Capital, poses in his office, the highest perch in the city of Indianapolis, the 48th floor of the Bank One Tower. (PHOTO BY TIM HALCOMB/Indianapolis Star/2003)
Timothy Durham's $7 million, 100 foot yacht, the Obsidian. (Photo by Daniel S. Comiskey/Indianapolis Monthly)
Cindy Scott holds the Fair Finance investment certificates she purchased for her four children to help give them a better start. (Ed Suba Jr./Akron Beacon Journal)
A photo of the Durham Mansion taken on Nov. 24, 2010 in Fortville, Indiana.(Photo courtesy Perry Reichanadter/ Indianapolis Business Journal)
Empty drawer spaces from where records were confiscated are photographed through the front window at the Akron office of Fair Financial at 815 East Market Street on Wednesday, Nov. 25, 2009, in Akron, Ohio. The office was raided by Federal investigators as part of a larger investigation. (Mike Cardew/Akron Beacon Journal)
The Fair Finance investment certificates that Cindy Scott purchased for her four children. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas looks over her Fair Finance investment certificates as she talks about what she lost. Barabas' was counting on the interest she received each month to help her pay her bill after her husband died. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas holds her Fair Finance investment certificates. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas pauses as she talks about what she lost on her investments with Fair Finance. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas stops to collect her thoughts while talking about what she lost on her investments with Fair Finance. Barabas' was counting on the interest she received each month to help her pay her bills after her husband died. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas talks about what she lost and what her life has been like after losing on her investments with Fair Finance. Barabas' was counting on the interest she received each month to help her pay her bills after her husband died. (Ed Suba Jr./Akron Beacon Journal)
Beverly Barabas talks about what she lost, how her financial future is hazy and what her life has been like after losing on her investments with Fair Finance. Barabas' was counting on the interest she received each month to help her pay her bills after her husband died. (Ed Suba Jr./Akron Beacon Journal)
A photo of three of Beverly Barabas' granddaughters sits on an end table as she talks about what she lost on her investments with Fair Finance. Barabas' was counting on the interest she received each month to help her pay her bills after her husband died. (Ed Suba Jr./Akron Beacon Journal)
Don Fair in the office in the basement of his home. Fair ran the company for most of his life until he sold it to two Indiana businessmen in late 2001. (Ed Suba Jr./Akron Beacon Journal)
Don Fair in his office in the basement of his home that is set up the same way he had it when he ran Fair Finance. Fair ran the company for most of his life until he sold it to two Indiana businessmen in late 2001. (Ed Suba Jr./Akron Beacon Journal)
Daniel Sciury, sitting in the offices of the AFL-CIO Hall of Fame of the Central Labor Council, talks the money he lost investing with Fair Finance. (Karen Schiely/Akron Beacon Journal)
A photo of the Durham Mansion taken on Nov. 24, 2010 in Fortville, Indiana.(Photo courtesy Perry Reichanadter/ Indianapolis Business Journal)
Daniel Sciury talks about the money he lost investing with Fair Finance.(Karen Schiely/Akron Beacon Journal)
The FBI executed a raid on Downtown high-rise office of a private holding company that invests in manufacturing and transportation industries on Nov. 24, 2009. About 2 p.m., agents with search warrants moved into Obsidian Enterprises Inc. on the top floor of the 48-story Chase Tower on Monument Circle, according to Michael S. Welch, FBI special agent in charge of the Indianapolis Field Office.
The agency was raiding another business in Akron, Ohio, at the same time, Fair Financial Services, Welch said in a statement. Timothy S. Durham, 47, an Indianapolis businessman, is CEO of Obsidian Enterprises. The FBI said the search warrants are sealed and it could disclose no information about them. (Photo Courtesy Alan Petersime/The Indianapolis Star)
Cindy Scott holds the Fair Finance investment certificates she purchased for her four children. (Ed Suba Jr./Akron Beacon Journal)
