Monday, September 12, 2011
GOP Political Committees Agree To Repay Fair Finance Trustee $60,000
Three Marion County GOP campaign committees have reached an agreement with the Fair Finance bankruptcy trustee to repay approximately $60,000 for the benefit of the bankrupt company's creditors, representing campaign contributions the committee received from Ponzi scheme operator Tim Durham and companies he controlled. The amount includes $32,000 from Lawrence Mayor Paul Ricketts' campaign committee, $23,750 from the Greater Indianapolis Republican Finance Committee and $4,250 from the Marion Co. Republican Party. The trustee is allowing the campaign committees to repay the sums in four equal installments.