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Live tweets from Durham sentencing

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A federal judge is scheduled to sentence convicted Ponzi schemer Tim Durham and two accomplices Friday afternoon following a morning of testimony from both victims and witnesses for the defense.

(Click here for coverage of victim testimony.)

Durham, Jim Cochran and Rick Snow are facing the equivalent of life sentences for their role in the collapse of Akron, Ohio-based Fair Finance Co. Judge Jane Magnus-Stinson is scheduled to announce her decisions from the bench between 1 p.m. and 4 p.m.

IBJ will be updating the news feed below with the latest from the courthouse. Refresh this page to see constant updates, or follow @IBJBreaking on Twitter.

You also can find links at the bottom of the page to our previous coverage, including videos.
 


For all of IBJ's coverage of Tim Durham and Fair Finance, click here.

 

Find our video coverage here:

Wiretaps capture Durham, co-defendants scrambling

Fair Finance investor’s family lost $476K

Federal attorneys reveal indictment against Durham
 

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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