Thursday, January 21, 2010

Morrison's Estate Sale

Acting U.S. Attorney of the Southern District of Indiana Timothy M. Morrison, a staunch member of the Rove Republican Racket, is letting investor's money go up in smoke.

In December, as investors packed townhall meetings in Ohio (where many investors of the alleged Ponzi scheme were duped), Morrison admitted he had no idea when and if the assets would ever be returned.

Now, another associate of the alleged Ponzi scheme, sold off his assets last Friday in an estate sale and Morrison did nothing. The Indianapolis Star reports:

A key partner in the embattled financial empire of Indianapolis investor Timothy S. Durham sold off furnishings in his Florida vacation home Friday, a day after a congressman urged a federal prosecutor to block the sale. James F. Cochran, who sold the furnishings in an estate sale at his $3.5 million home in Naples, Fla., and Durham own Fair Finance, an Ohio lender the FBI raided Nov. 24. Cochran, part of a group of insiders close to Durham, has never been identified as a target by Morrison, has not been charged with a crime and was not barred from selling his property. U.S. Rep. John Boccieri, D-Ohio, had urged federal authorities to stop the sale by freezing Cochran's assets out of concern that a sale of personal property might deprive Ohio investors of cash to defray possible losses.
So why did Morrison ignore Congressman Boccieri? Why has Morrison ignored the pleas of hundreds of concerned investors? Why has Morrison let Durham and Cochran move, reorganize, and sell their personal assets? Why is Morrison just sitting there scratching his nose as the alleged Ponzi principals laugh at investors?

Because the alleged mastermind of this suspected Ponzi scheme is a high-rolling contributor to Republican causes. 

Morrison's Estate Sale was to satisfy his Republican allies, and Congressman Boccieri ain't a Republican!

Understand, Morrison, a Bush left-over, also appears to have tried to help another Republican donor whose asphalt company was target by protestors. Morrison sloppily issued a subpoena in that case that generated national headlines and forced him to withdraw it.