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Trustee: In talks with Daniels over Durham money

March 28, 2011

INDIANAPOLIS (AP) — The bankruptcy trustee for a company co-owned by an indicted former Indianapolis businessman says he's begun talks with Gov. Mitch Daniels' campaign committee about returning nearly $200,000 in campaign donations.

Tim Durham and two business partners were arrested earlier this month after being indicted on 12 counts including securities fraud. They're accused of defrauding about 5,000 investors in Akron, Ohio-based Fair Finance Co. of more than $200 million.

Fair Finance bankruptcy trustee Brian Bash released a statement late last week saying Daniels had responded to a letter asking him to return contributions from Durham. Bash says he's hoping for "mutual resolution through continued discussions."

Daniels previously has said the money had been spent and there was nothing to return.

An Indiana Republican spokesman had no immediate comment on Bash's statement.

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