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 six-day-old 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 two Durham businesses, Obsidian Enterprises of Indianapolis and Fair Financial of Akron, Ohio.

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

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