Cases / Investment funds & advisory
Timothy S. Durham, James F. Cochran, Rick D. Snow
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Fair Finance Company, Fair Holdings Inc, DC Investments LLC, Obsidian Enterprises Inc
- Industry
- Variable-rate investment certificates issued by a consumer finance company
- How investors were recruited
- Local newspaper advertising and sales presentations at regional branch offices stressing Fair's long history
- Pitch & red flags
- Told investors funds would be used for legitimate loans; Fair "never defaulted on a single investment note"; rates about 2% above bank CDs. Durham internally: "chasing a black hole"
Pitch phrases from this case
Source
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