Indiana News

Classic Cars Seized from Durham Property

7/1/2010

Several classic cars were seized from the Geist property of embattled Indianapolis investment manager Timothy Durham Wednesday.

Vehicles have also been taken from property in Los Angeles.

The vehicles are being surrendered to a bankruptcy court to help repay debts. They include a Ferrari, Lotus, Lamborghini and Bentley.

Durham has been under investigation by the FBI on suspicion of involvement in a ponzi scheme.

MORE FROM WIBC NEWS:
» Durham Facing Additional Financial Trouble (4-29-10)
» Investigation of Indy Financier Troubles GOP (12-12-09)
» Lawsuit Filed Against Indianapolis Businessman (12-4-09)
» US Attorney Drops Lawsuit Against Indy Businessman (11-30-09)
» Brizzi: Inappropriate to Comment on Durham Allegations (11-25-09)
» FBI Conducts Raid at Downtown Office (11-24-09)
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