Cleveland partners Brian Bash and Kelly Burgan was quoted in the May 18, 2010, The Daily Record article, "Amount of Fair Finance Return Still in Limbo."
Bash is the court-appointed trustee in the bankruptcy of Fair Finance, a 76-year-old Akron, Ohio, based investment company which ceased doing business after an FBI raid in November 2009 with over $200 million owed on investment certificates. Burgan is legal counsel for Bash in the matter. The focus of the article is a recent meeting of Fair Finance's investors, regarding the state of their investments and the bankruptcy proceedings.
According to Bash, the focus is trying to recover assets, not pursuing a criminal investigation. He said they are looking at recovering real estate, cars, artwork and third-party loans involving Fair Finance co-owners Tim Durham and James Cochran. Responding to an attendee's inquiry as to how long recovery could take, Bash said it could be a few years. He said recovering assets like art or cars or a home take time because, ultimately, a buyer needs to be found.
Bash said Durham has been a "very busy camper," loaning money to at least 10 companies. Burgan added that some of those companies were insolvent upon receiving the loan.