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Sentencing date set for convicted financier Durham

Associated Press
September 26, 2012
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A federal judge has set a November sentencing for Indiana financier Tim Durham and two business associates convicted of swindling thousands of investors out of more than $200 million.

Durham will be sentenced Nov. 30 along with James F. Cochran and Rick Snow by a federal judge in Indianapolis, WISH-TV reported.

Prosecutors say the trio looted Akron, Ohio-based Fair Finance Co., which Durham and Cochran purchased in 2002. The men allegedly used the money to buy mansions, classic cars and other luxury items and to prop up Durham's other failing businesses. All three men face possible life sentences.

Durham and Cochran were convicted in June on federal fraud charges. Durham was convicted on 12 counts and Cochran was found guilty on eight counts. Snow was convicted of five different charges.

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  • Thief vs Murderer
    I don't understand how a con-artist/thief would be sentenced to life without parole? There are murderers and child molesters and rapists who receive less of a sentence than this guy. I understand that he swindled millions of dollars and ruined a lot of people financially but he didn't murder anyone!
  • About time
    Maybe his former prosecutor buddy will finally be indicted for the stunt he pulled having our coaches compounded for a fake "sales tax investigation" he told the Oregon prosecutor he was running against us while we were in litigation with Durwood....emember that?
  • who's next?
    These types of criminals have no conscience or code. I pity anyone that TD may have the goods on during the period between his conviction and sentencing.
  • Mitigation of sentence
    Anyone wonder why Bobby Laikin suddenly, after Tim's conviction, announce the sale of his company Brightpoint? Look at the shareholder vote--sure are some unhappy people there. Anyone wonder if Tim is yapping about his impeccable timing of only two things--the purchase of Brightpoint and the subsequent purchase of a company Brightpoint bought, as well as yapping about all of his "friends" like you know who who suddenly knew to buy only these stocks as well? This ain't over.
  • Is The Governor Playing Fair?
    Will Mitch Daniels Finally Return The $200,000+ Campaign Contributions He Accepted From Tim Durham? http://advanceindiana.blogspot.com/2012/06/will-mitch-finally-return-campaign.html While Tim Durham was convicted of stealing $200 million from the life savings of 5,200 elderly investors in a fraud scheme on June 20th, Mitch Daniels on June 19th transferred $50,000 from his campaign account to the campaign accounts of Governor candidate Mike Pence and Superintendent of Public Instruction Tony Bennett. He now claims that Durham's campaign contributions to him are gone. ???? http://www.indystar.com/article/20120705/NEWS05/207050348/Mitch-Daniels-PACs-unload-cash-before-move-Purdue

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