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.