Nov. 24: FBI raids Fair Finance offices in Akron and Obsidian Enterprises offices in Indianapolis. Federal investigators say they suspect a Ponzi scheme and allege wire fraud. Businessman Timothy S. Durham and others are subpoenaed.
Dec. 4: Lawsuit filed in Summit County requests class-action status for Fair Finance investors and asks that the company be placed in receivership.
January: Reports surface that Durham's yacht is for sale and business partner James Cochran has a sale of items at his Naples home.
Feb. 8: Owners of Fair Finance investment certificates file petition in U.S. Bankruptcy Court in Akron to force the company into bankruptcy.
June: Durham turns over car collection to bankruptcy trustee.
August: JP Morgan Chase files foreclosure action on Durham's mansion, saying he hasn't made payments on $3.5 million mortgage since spring. Monthly payments are more than $18,000.
Sept. 8: Dan Laikin, Durham's friend and business associate, is sentenced to 45 months in federal prison.
Oct. 16: Durham's art collection raises more than $400,000 in auction at Trinity Cathedral in Cleveland.