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Friday, May 24, 2013

Fair Finance investigation started in Indianapolis

The FBI executed a raid on Downtown high-rise office of a private holding company that invests in manufacturing and transportation industries in Nov. of 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. (Photo Courtesy Alan Petersime/The Indianapolis Star)

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