Indianapolis News and Headlines


CALL 6: Dr. Guyer linked to Tim Durham

Posted at 4:01 PM, Dec 30, 2015
and last updated 2015-12-30 16:01:21-05

INDIANAPOLIS -- Dr. Dale Guyer, the founder of an Indianapolis medical facility at the center of the Peyton Manning controversy has connections to Tim Durham, the Ponzi scheme financier convicted in one of the largest investment fraud schemes in Indiana history.

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According to federal bankruptcy court records obtained by Call 6 Investigates, Guyer and Durham partnered together in 2005 to form Guyer Durham LLC.

Durham, through one of his companies DC Investments, loaned Guyer Durham LLC at least $157,500, according to federal court documents.

Durham also transferred at least $111,990 to Guyer Durham LLC throughout 2006.

Guyer Durham LLC dissolved in 2009, according to the Indiana Secretary of State.

Gary Sallee, the registered agent for the LLC, told Call 6 Investigates he could not comment on the company’s business activities due to confidentiality.

In an effort to repay thousands of Tim Durham’s victims in the Ponzi scheme, the United States Bankruptcy Court Northern District of Ohio Eastern Division ordered Guyer Durham LLC to pay a $268,990 judgment.

Dr. Dale Guyer owned 47.5% of the business with Durham, according to court documents.

Guyer also received other loans from Durham, and Guyer reached a settlement in which he began making payments, according to a source close to the case who did not want to be named.

Federal court records show the bankruptcy trustee conducted an asset search of Guyer Durham, LLC at 111 Monument Circle Suite 4800, but did not find any real property.

The 111 Monument Circle 4800 address was the address for many of Durham’s other companies including Obsidian Enterprises.

The Monument Circle address listed for Guyer Durham LLC was the same location raided by the FBI as part of the Durham investigation.

State records show Guyer created the Guyer Institute of Molecular Medicine back in 2002.

In a report aired by Al Jazeera, a former unpaid student intern of the Guyer Institute, Charles Sly, claimed in secret recordings that Ashley Manning was sent human growth hormone from the medical facility.

Guyer said the allegations are untrue and that former intern has recanted.

Sly later told Al Jazeera the statements attributed to him "are absolutely false and incorrect." Guyer used similar language.

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Dr. Guyer was interviewed by federal agents as part of the Tim Durham investigation, and Call 6 Investigates has filed Freedom of Information Act paperwork to obtain the transcript.

Court records show the bankruptcy trustee was considering whether to do a full examination of Guyer’s finances and bank records, but it’s not clear if such an evaluation was ever performed.

Call 6 Investigates contacted Brian Bash, bankruptcy trustee, as well his law firm for a response but we have not heard back.

Call 6 Investigates also contacted Guyer’s attorney regarding the Durham connection and we are still waiting on a response.

Tim Durham is currently serving time in a federal prison in Kentucky.



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