It was apparently a great day for an estate sale (as advertised on Craigslist here) in Naples, Florida today. A source who attended the estate sale of Fair Finance co-owner and business partner of Timothy Durham, James Cochran, says hundreds of buyers showed up today looking for bargains. The owners were selling everything, including bedroom furniture and appliances. A Bentley quickly sold for a cool $135,000 I'm told. A sporty Porsche found a new owner as well. Will the investors in Fair Finance see any of this money? The IBJ's Greg Andrews has more on Ohio Congressman John Boccieri's reaction to news of Cochran's estate sale. Boccieri, who represents many of the investors defrauded by Durham and Cochran, sent his third letter in as many months to Acting U.S. Attorney Tim Morrison in Indianapolis demanding that he take action to freeze Durham's and Cochran's assets. Morrison abruptly dropped a forfeiture action he filed in the matter days after he filed the action in the U.S. District Court for the Southern District of Indiana.“Given the increased amount of concerns relayed to me by my constituents, including stories of life savings lost, retirement funds decimated, college savings and more ruined by the alleged wrongdoing of the Fair Finance Co., I continue to implore your office to take all necessary and immediate action to freeze the assets” of Fair, Durham and Cochran, Boccieri said.
I've said it before and I'll say it again. Unless this case is transferred to the Public Integrity Section of the Justice Department in Washington, Boccieri's constituents have no hope of getting any justice in this matter. Federal investigators have known for years based on whistleblower complaints what has been taking place and did absolutely nothing to protect innocent investors. Hell, local and federal prosecutors stood by and watched political cronies steal the Lawrence Water Utility and make off with millions of dollars in public assets. If you want to rip off the public, Indianapolis is the place to do it. Local law enforcement and prosecutors won't get in your way, particularly when they're on the payroll of the people doing the criminal acts.
I've said it before and I'll say it again. Unless this case is transferred to the Public Integrity Section of the Justice Department in Washington, Boccieri's constituents have no hope of getting any justice in this matter. Federal investigators have known for years based on whistleblower complaints what has been taking place and did absolutely nothing to protect innocent investors. Hell, local and federal prosecutors stood by and watched political cronies steal the Lawrence Water Utility and make off with millions of dollars in public assets. If you want to rip off the public, Indianapolis is the place to do it. Local law enforcement and prosecutors won't get in your way, particularly when they're on the payroll of the people doing the criminal acts.
