Tim Durham: The Sleazy Republican Dealmaker Whose Offices Were Raided by the FBI Today

One day you're a high-flying banker, hanging with Penthouse pets and rappers and watching hot girls kiss at 'pajama parties'. The next the feds are raiding your office and humiliation awaits when websites find your Facebook page.

Durham operated companies in Indianapolis, Obsidian Enterprises and Fair Finance, that specialized in buying debt-ridden companies. The FBI did not give a reason for the raid, or for picking up Durham in LA, but the Indianapolis Business Journal has an idea:

...since Durham, 47, bought Fair in 2002, he had used it almost like a personal bank to fund a range of business interests, some of them unsuccessful... he and related parties owe Fair more than $168 million.

Oops! Let's take a look how he spent that, or whatever other, money he had! A BusinessInsider story notes that:

Durham's page on MySpace, a social networking site, revealed an R-rated pajama party in 2007. The page showed two naked women kissing and reported that Penthouse magazine model Martina Warren was in attendance.

The MySpace page is gone (although if any kind people have pictures of the gathering, send them here) but click through for a gallery and a field guide to a truly obnoxious man who boasted he sometimes forgets how many cars he owns. Or should that be owned?