The case against Indianapolis financier Tim Durham continues to unfold.
On Monday, the U.S. attorney filed a motion dismissing the effort to seize Durham's assets.
U.S. Attorney Tim Morrison said there was probable cause to believe the assets (which include his 30,000 square foot Geist home, along with other properties and bank accounts) were gained through unlawful acts.
Morrison said the government originally moved to seize Durham’s assets in order to ensure Durham didn’t sell off the properties or any of his other assets.
Morrison said once they realized there was no need to seize the assets at this point, they filed the notice of dismissal.
He wouldn't comment further on why they came to this realization.
He did make it clear the government could move forward on seizing assets if the case becomes a criminal matter.
Last week, federal authorities filed civil charges against Indianapolis businessman Tim Durham, alleging he was involved in wire fraud.
The civil suit filed accuses Durham of running a Ponzi scheme where he allegedly used money from new investors to pay off old investors.
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