The "Playboy of Indiana" episode featured tonight on CNBC's American Greed was pretty much what you would expect from a GE-produced media story--a complete whitewash of events from start to finish. Feed the sheeple what you want them to believe by covering up the real story behind Tim Durham's more than $200 million Ponzi scheme.
To buy the load of crock CNBC fed you tonight required a suspension of disbelief. Durham acted alone driven by raw greed we're told. Nowhere mentioned are the names of the politicians who curried his favor and helped protect him, in particular the corrupt former Marion Co. Prosecutor Carl Brizzi, who remains at large for his long-running crime spree, thanks in large part to the same law enforcement folks taking bows in tonight's broadcast. His stable of attorneys and accountants played no small part along the way as well.
The infamous Pajama Party was titillating to viewers, but what happened to that list of prominent politicians, civic and business leaders who enjoyed the entertainment of the working girls and boys? That was buried just like the video recordings made by the sophisticated surveillance system installed throughout Durham's palatial home, including the guest bedrooms, which come in handy when a little extra convincing is needed to get someone to do what you expect of them. Beurt SerVaas' introduction of the dirty world of using front companies to launder the CIA's ill-gotten proceeds to his former son-in-law and spreading the wealth around to a select few likewise got lost on the cutting room floor.
The illegal boiler room stock-pumping operation on Bright Point stock that made tens of millions for not only Durham but a large cast of Indianapolis' ruling elite who regularly engage in illegal stock trading with impunity was portrayed as a legitimate stock investment that helped launch Durham's meteoric business career. Please. The fact that Dan Laikin, the brother of Bright Point's CEO, wound up as CEO of Durham's National Lampoon and got caught engaging in the same illegal stock price manipulation got lost somewhere in production.
To believe the disingenuous FBI agent, federal law enforcement officials acted immediately based solely on the information it had been provided by Laikin on how Durham used Fair Finance like a Ponzi scheme to bankroll his lifestyle. The reality was that complaints of whistle blowers alerting the SEC, the FBI, the Indianapolis U.S. Attorney's Office and the Ohio Securities Division to Durham's fraud had been ignored for years, allowing more innocent Ohio investors to be lured into investing their life savings in Fair Finance. When the feds finally moved after it was too late, the U.S. Attorney's Office withdrew a critical civil forfeiture action, allowing Durham's equally as corrupt enablers the time they needed to ensure those defrauded investors would never see a dime of their money.
And about the fellow from Indianapolis Monthly featured prominently in tonight's broadcast, the one who drooled all over Durham before his downfall. How much money did Durham spend entertaining you for writing those puff pieces about him? Aren't you the same guy who refused to speak to whistle blowers? Yeah, I thought so.
So the "Playboy of Indiana" was entertaining, part reality and part fiction, just like the news fed to us by the lamestream media. As long as it entertains while re-directing your attention from the real story, that's all that really counts.
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