Tuesday, July 6, 2010

Morrison Negotiates a Deal with Republican Pal

With embattled Acting U.S. Attorney Timothy M. Morrison of the Southern District of Indiana doing nothing for eight months and in fact protecting his Republican friends, the FBI finally did something! Finally!

The FBI seized a valuable car collection from former top-Republican donor Timothy S. Durham who allegedly swindled more than $200 million from Ohio retirees. Maybe these poor folks can start recovering something.

(Durham is pictured with his Bugatti Veyron that sells for more than $1.5 million.) 

Morrison, who used his office recently to prosecute a small time city clerk for embezzling $369,000 over three years, has not lifted a finger against Durham who swindled 542 TIMES MORE MONEY. Why? Politics. Durham and Morrison are Republicans and the former city clerk was a Democrat.

Read the article below. Interesting to note how Durham's attorney could easily negotiate an agreement with Morrison. But then again, they're old Republican pals.

The Indianapolis Business Journal reported last week:

Beleaguered Indianapolis businessman Tim Durham on Wednesday voluntarily turned over a Bentley Flying Spur, a Lamborghini, a Ferrari and other high-end rides to the FBI, a move that sets the stage for the cars to be sold by a bankruptcy trustee.  The FBI late in the afternoon was collecting 15 vehicles from Durham’s Geist Reservoir mansion and another three from his home in Los Angeles.

“Today, the FBI is a towing company,” said Larry Mackey, a criminal defense  attorney representing Durham. “We pushed them down the driveway, and the FBI has taken them away.” Mackey said the FBI began gathering the vehicles after he negotiated an agreement earlier in the day with the U.S. Attorney’s Office and a bankruptcy trustee. Under the pact, Durham voluntarily turned them over in return for assurances that proceeds from their sale would go toward mitigating losses suffered by investors in Akron, Ohio-based Fair Finance Co., a Durham-owned firm that collapsed last fall and now is being liquidated.

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