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jimdarcy

Lambo Owner
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    Wayne, Il
  1. Can anybody run this VIN for me? JNRBS18W29M201082 TIA Jim
  2. does shank live in glen ellyn, IL? i thought i remember reading that somewhere
  3. chris, with all due repsect, prices for these cars will not be going up. past high production, recent advances in gearbox switching, and huge economical headlwinds are too much pressure. if one has the discretionary income, so be it, but to say these are good investments is a bit silly IMO.
  4. DECEMBER 21, 2009.Ponzi Probe Ensnares Indiana Businessman FBI Raids Two of Timothy Durham's Companies in Inquiry Into Allegations; 'Rise of the Super-Rich'.ArticleComments (14)more in Law ». By DAVID KESMODEL An Indiana businessman whose lavish lifestyle was featured on a television special about the super-rich is under investigation for running an alleged Ponzi scheme that sold supposedly safe, but high-yielding, notes to elderly investors and used the money to invest in other companies he controls. The federal investigation into Timothy S. Durham, who is also known for his extensive car collection and 30,000-square-foot mansion, is roiling Indiana politics, where Mr. Durham was a big contributor to Republican politicians, including Gov. Mitch Daniels. Tony Valainis/Indianapolis Monthly Timothy S. Durham, at his Indianapolis home in front a wall of portraits by 1960s pop artist Peter Max, says Ponzi allegations "weren't true." . Agents from the Federal Bureau of Investigation raided two of Mr. Durham's companies last month, and the U.S. attorney's office in Indianapolis filed documents in federal court accusing Mr. Durham and at least some of his companies of defrauding investors in an alleged Ponzi scheme, which may involve hundreds of millions of dollars. No criminal charges have been filed. In an interview, Mr. Durham, 47 years old, said he was shocked by the FBI raids and feels "emphatically" that the allegations "weren't true." The probe centers on Fair Finance Co., an Akron, Ohio, investment firm that has sold investment certificates to Ohioans since 1934 and invested the money in consumer-finance loans such as health-club contracts. Mr. Durham and a partner bought Fair Finance in 2002. The company offered interest rates of as much as 9% on two-year notes. Filings made in recent months with Ohio securities regulators show that Fair Finance issued many loans to other companies run by Mr. Durham. The amount of related-party loans outstanding exceeded $160 million, the state regulatory documents show. The federal investigation into Mr. Durham's companies surfaced Nov. 24 when the FBI executed search warrants at Fair Finance in Akron and at Obsidian Enterprises Inc. in Indianapolis, another company controlled by Mr. Durham. Also that day, U.S. Attorney Timothy M. Morrison in Indianapolis filed a request in federal court in Indianapolis to seize Mr. Durham's suburban Indianapolis mansion, a 2008 Bugatti Veyron sports car and other assets. In that court filing, federal prosecutors described what they suspected was a Ponzi scheme involving Fair Finance. Prosecutors said Fair Finance had told investors it would invest their money in low-risk, high-yield consumer debt. The Indianapolis Star FBI agents load boxes of objects taken from a raid of Timothy S. Durham's Obsidian Enterprises in Indianapolis on Nov. 24. Mr. Durham and some of his firms are being probed over an alleged Ponzi scheme. . Instead, prosecutors alleged, "money provided by victims of the scheme was used to make interest and redemption payments to earlier victims of the scheme," which suggests a classic Ponzi scam. Mr. Morrison, the U.S. attorney in Indianapolis, said he later withdrew the request to seize assets after his office received assurances that the items wouldn't be sold or transferred. Mr. Morrison declined to discuss the status of the case. Prosecutors said in the federal court filing that Federal Reserve Bank records show numerous wire transactions in recent years between Fair Finance's parent, Fair Holdings Inc., and other companies controlled by Mr. Durham and business partner James F. Cochran. Mr. Cochran's lawyer, James Voyles, declined to comment. John Tompkins, a lawyer representing Obsidian Enterprises, declined to comment on the case. Earlier this month, CLST Holdings Inc., a public company in Texas in which Mr. Durham serves as chairman, disclosed that the Securities and Exchange Commission subpoenaed documents related to transactions between CLST and Fair Finance. CLST was a wireless-phone distributor that began liquidating itself several years ago. On Dec. 4, an Akron couple that invested in Fair Finance filed a lawsuit in an Ohio state court against the company, Messrs. Durham and Cochran and others, seeking class-action status on behalf of investors. The suit contends that Messrs. Durham and Cochran used Fair Finance "as their own personal bank," noting that the company issued a number of loans to other companies they ran. Fair Finance's nine Ohio branches have been closed since Fair Finance was raided. Fair Finance owes about $200 million to Ohioans who purchased its investment certificates, which aren't insured by the government, according to the state regulatory documents and the lawsuit. "A lot of people are just scared to death that they have lost their entire life savings," said David Meyer, a lawyer representing plaintiffs in the Ohio lawsuit. Mr. Durham, who is chief executive of Fair Finance, said the company invested money in some of his other firms because it believed it is better "to invest in companies that you know the most about." Such related-party loans were disclosed to investors and Ohio regulators, he said. Mr. Durham acknowledged that his companies have endured financial strains amid the U.S. economic downturn. "It's a difficult time for all of our companies," he said. Mr. Durham grew up in a middle-class family in Seymour, the same small southern Indiana town where rock star John Mellencamp was raised. Working as a leveraged-buyout specialist, Mr. Durham has assembled an eclectic assortment of businesses, including Classic Manufacturing Inc., a maker of commercial and recreational trailers, and National Lampoon, the entertainment and licensing company that traces its roots to the now-defunct humor magazine of the same name. In 2008, business-news network CNBC featured him in a program called "Untold Wealth: The Rise of the Super Rich." The program highlighted his expensive tastes, including a 100-foot yacht that he owned at the time and his collection of exotic and classic cars. Mr. Durham then had around 70 cars, but says he has since sold many of them and now has "under 30." The biggest immediate impact of the allegations against him is in the political arena. A Republican candidate for sheriff of Marion County, home to Indianapolis, withdrew from the race after returning all of Mr. Durham's campaign contributions, saying the loss of that money meant he couldn't compete. The county's Republican prosecutor, Carl Brizzi, wrote on his blog this month that he "should have conducted greater due diligence" before joining the board of Fair Finance at Mr. Durham's request this year. He has since quit the board. Mr. Durham has given $195,000 to Gov. Daniels since 2003. The money has been spent, so "there is nothing to return," said a spokeswoman for the governor, who was elected to his second and final term last year. Write to David Kesmodel at [email protected]
  5. this is real $$ people!! http://www.bloomberg.com/apps/news?pid=206...9bpTE&pos=7
  6. got a new one in chicago burbs too http://chicagopressrelease.com/press-relea...ions-of-dollars
  7. this is getting bad fast... *TD BANK SUED, ACCUSED OF COMPLICITY IN ROTHSTEIN LAW FIRM FRAUD
  8. 1BN and counting.... http://www.bloomberg.com/apps/news?pid=206...ExoYk&pos=7
  9. from what i have read the egear is the most improved feature from earlier years, would you agree?
  10. here are the 2 most recent aution sales.. 07/02/09 RIVRSIDE Factory $153,000 65 Avg ORANGE 10G A No 07/02/09 RIVRSIDE Lease $143,000 2,397 Avg ORANGE 10G P No here are some ebay SL's http://cgi.ebay.com/ebaymotors/Lamborghini...d=p4506.c0.m245 http://cgi.ebay.com/ebaymotors/Lamborghini...d=p4506.c0.m245 http://cgi.ebay.com/ebaymotors/ws/eBayISAP...1&viewitem= roy has this car and just sold one, i bet you can call and ask him how much it sold for, other threads have posted 2009 sales prices around 170 for 2009 G, so 140 for a SL is VERY realistic IMO http://www.xxx/web/1317/vehicl...do-Superleggera as always, you have to do more detailed research, and auction cars have buyer beware written all over them, but there are good quality cars readily available, especially in the midwest where i live with winter around the corner. thanks for calling me out slowpoke, i hope your doing well Jim
  11. in post #14, engin man said he wud sell the car by monday. i was surprised it wud sell at teh last offered price of 110K. all i said was wow, u sold it for 110K. obviously he is sensitive to my comment becuase he knows the market wont support this price and freaked out when i commented. point is, its insulting to people who know these cars and know the market to offer a car, even a no stories car, at that price in this poor economic time.
  12. i am cheap, you are whoring around a 50K 2004 junker telling lambo fans that it is worth 125K, shut the fcuk up
  13. that makes you both stupid douchebags
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