Saturday, July 30, 2011

The Playboy and the Ponzi Scheme

Yes, our very own playboy: Timothy S. Durham is profiled in the 1-7 August 2011 issue of Bloomberg Business Week as "The Madoff of the Midwest". Reporter Annie Lowrey outlines Durham's "epic midlife crisis".

A couple of snippets:

"In many respects, Durham embodied the bounties -- and hubris -- of the pre-recession age. The money seemed limitless, the parties got bigger, and Durham's profile rose."

"Durham could play the rich guy, but he wasn't very good at making money."

It's definitely worth a read, if only to see how many well-known Indy names are named.

No comments: