Saturday, October 2, 2010

U.S. Attorneys Office Dismiss Lawsuit to Seize Property in Tom Petters Bankruptcy Fraud

Bankruptcy Corruption - What is the U.S. Attorneys Office Really Doing ?

"US attorney drops lawsuit against Indy businessman

INDIANAPOLIS (AP) — The government no longer is suing to seize bank accounts and other assets of an Indianapolis businessman whom it alleged was operating a Ponzi scheme.

The U.S. Attorney’s office in Indianapolis on Monday filed papers to dismiss a lawsuit to seize property belonging to Timothy Durham, including a 30,000-square-foot home on Geist Reservoir and a 2008 Bugatti sports car.

Acting U.S. Attorney Tim Morrison says he dropped the case because he’s been assured Durham will not try to shed the assets.

FBI agents last week raided the offices of Durham businesses, Obsidian Enterprises of Indianapolis and Fair Financial of Akron, Ohio.

A recent Indianapolis Business Journal story questioned whether Fair Financial could repay people who bought nearly $200 million in investment certificates. "

Source of Bankruptcy Fraud Post

More on the Tom Petters Bankruptcy
and Massive Bankruptcy Corruption
Tom Petters - Douglas Kelley Bankruptcy Corruption
the Tom Petters Companies Bankruptcy Fraud Documentary