Give Now

Durham To Appeal Fraud Convictions

Tompkins says he and Durham discussed the possibility of a conviction before the actual verdict so Durham was somewhat prepared.

Durham

Photo: Dan Goldblatt/WFIU News

Tim Durham and his son, Tim Durham Jr. waiting for the jury to deliver a verdict. Durham was convicted of 12 counts of committing and conspiring to commit wire and securities fraud. Durham was taken into custody by federal marshals following Wednesday's verdict. He and two of his business partners are being held in the Marion County jail.

Tim Durham‘s attorney John Tompkins officially says they plan to appeal Durham‘s conviction on twelve felony counts of conspiracy, wire and securities fraud.

However, Tompkins says they must first get through Durham‘s detention hearing Monday. Tompkins says he must also prepare for the sentencing hearing that will follow. Tompkins says they have 30 days following the sentencing date to file an appeal.

Tompkins says he and Durham discussed the possibility of a conviction before the actual verdict so Durham was somewhat prepared. However, he says the verdict hit Durham‘s family hard and they‘re stunned.

“When the reality hits, it‘s obviously a big thing, but he had at least had a chance to go through it mentally and I think his family had not gone through that preparation process so they were more impacted in the moment,” he says.

The jury bought the prosecution‘s argument that Durham and partners Jim Cochran and Rick Snow bilked 5,000 investors of Akron, Ohio based Fair Finance out of more than $200 million. Cochran was convicted of eight felony counts, and Snow was found guilty of five. All three men face a maximum of life in prison.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

View all posts by this author »

  • Mike Wilson

    How could Mr. Durham have been surprised?

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Stories

Recent Videos

Find Us on Facebook