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US attorney drops lawsuit against Indy businessman

Quick ReadUS attorney drops lawsuit to seize financial assets of Indy businessman whose offices raided

INDIANAPOLIS (AP) — The government no longer is suing to seize bank accounts and other assets of an Indianapolis businessman whom it alleged was operating a Ponzi scheme.

The U.S. Attorney's office in Indianapolis on Monday filed papers to dismiss a lawsuit to seize property belonging to Timothy Durham, including a 30,000-square-foot home on Geist Reservoir and a 2008 Bugatti sports car.

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