Give Now

Delays, Closings and Severe Weather - View All Alerts and Updates

Tim Durham Sentencing Set For November

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.

A federal judge has set a sentencing hearing date for Tim Durham. He‘s the Indianapolis businessman convicted of bilking five thousand investors out of more than $200 million. Sentencing is set for November 30th at 9 a.m. in US District Court in Indianapolis.

Durham and partners Jim Cochran and Rick Snow remain in federal custody.

Durham‘s attorney John Tompkins is preparing for the sentencing hearing. Tompkins says November 30th will be a tough day as he fights for leniency for Durham.

“There are numerous issues in how the facts played out, what actually occurred at Fair Finance,” he says. “How to characterize the nature and extent of the losses.”

The jury found Durham guilty on all twelve counts of conspiracy to commit fraud, wire fraud and securities fraud. They found Jim Cochran guilty on eight of the counts and Rick Snow guilty on five of the counts.

Following the hearing, Judge Jane Magnus-Stinson will determine sentencing for the trio. Durham faces life behind bars.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

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