Search This Blog

Tuesday, February 22, 2011

Did Tim Durham Get Advanced Notice of FBI Raid? Why Did Durham's Son Leave the Attorney General's Office Shortly After the Raid on His Father's Offices?

HoosierLeaks has received the following inquiry, so we thought we'd put it out for our readers to digest.  Does anyone have further answers that could shed light on this mystery?

Let's attempt to connect the dots...

It is general knowledge that, for over ten years, former Marion County Prosecutor, Carl Brizzi, and current Indiana Attorney General, Greg Zoller, have been close personal friends.  Their history includes shared experiences living in Washington DC, when both worked as government investigators.

Also, it is well known and public record that Mr. Brizzi and Mr. Timothy Durham are also close friends.  For a time, Mr. Brizzi was a member of the Board of Directors of a company controlled by Mr. Durham.

Given these long standing relationships, it should not come as a surprise that Mr. Durham’s son, Bernard L. Durham, would be given a sensitive job in the Attorney General’s office as an investigator.  Yes, an investigator.  Unlike his mother and Senior Durham, young (age 29) Durham is not a lawyer.

Is it simply coincidental that on Nov. 23, 2009, the day before Mr. Timothy Durham’s office was raided by the FBI, a certain financial transaction took place and some records appear to have disappeared?

Was there a tip-off that a raid was going to take place?  Where did the tip-off come from, and why did Durham leave the Attorney General's office shortly after the FBI raid on his father's offices?

Tuesday, February 8, 2011

Alleged Brightpoint Insider Trading To Be Investigated by Indiana Securities Regulators

Charles White
HoosierLeaks received allegations that Brightpoint stock recently has been traded on insider information.  HoosierLeaks notified the Indiana Securities Commissioner, Chris Nalor, and his boss, the Indiana Secretary of State, Charles White, that specific industry insiders had been identified to us as responsible for recent insider trading fraud.  Below is the email recently sent from to these two officials:

Chris Naylor
 “Mr. Chris Naylor and Mr. Chas White,

After the market close on Feb 2, 2011, CELL (Brightpoint) announced a material increase in earnings that was far higher than analysts had predicted. Earlier that day before the market close ([sic] prior to the public earnings announcement), and in the late afternoon of the prior day (Feb 1), XXXXXXXXX and other insiders purchased stock at $9.50 only to see it jump to $12 the morning of Feb 3.”

Today, HoosierLeaks heard from an Indiana Securities Senior Investigator who indicated that they would investigate.  We appreciate their interest and will endeavor to cooperate with them. 
After reporting the tip to the regulators, we are reporting the information to you.  However, we have decided not to publicly identify the alleged insider at this time until the investigations are further along.  Based on this event and recent suspicious purchasing activity of Emmis stock, HoosierLeaks has initiated a system that analyzes local stock trading volume/price anomalies.  No one at HoosierLeaks is employed in the securities business.

Some say that Stockbrokers could sell our citizens a piece of the blue sky and get away with it.  If you have information about Indiana stock manipulation or investor fraud, please let us know.