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Prosecutors: Durham, accomplices deserve life sentences

November 27, 2012

Saying their crimes were “as serious as any financial fraud crime ever committed,” federal prosecutors re-emphasized Monday their recommendation that Ponzi schemer Tim Durham and his two accomplices deserve to spend the rest of their lives in prison.

Local designer’s bankruptcy tied to Fair Finance

November 28, 2012

SC Design Inc. lists debt of $1.5 million. Most of it is owed to Fair Finance, formerly co-owned by convicted fraudster Tim Durham, through a claim filed by a trustee seeking to recover investor funds.

Durham fate rests in judge’s hands

November 29, 2012

Convicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives in prison.

Live tweets from Durham sentencing

November 29, 2012

IBJ provided ongoing updates from the courthouse where Ponzi schemer Tim Durham and two accomplices were sentenced Friday afternoon.

Wabash Valley Power aggressively shifting to greener alternatives

November 29, 2012

The Wabash Valley Power Association has been reducing its dependence on energy produced from coal—from 95 percent five years ago to 54 percent today. The utility is leaning more on natural gas and even renewable-energy sources like methane from landfills and animal waste.

Judge sentences Durham to 50 years

November 30, 2012

Tim Durham will likely spend the rest of his life behind bars after a federal judge on Friday sentenced the disgraced playboy and businessman to a 50-year prison term for defrauding 5,000 Ohio investors of more than $250 million. U.S. Judge Jane Magnus-Stinson said three words decribe both Durham, 50, and the crimes he committed: […]

WOJTOWICZ: Is small-business ownership for you?

November 30, 2012

The horror stories are sobering: Dun & Bradstreet reported earlier this year that businesses with fewer than 20 employees have only a 37 percent chance of surviving four years and just 9 percent will be around 10 years.

Fraud victims detail losses before Durham’s sentencing

November 30, 2012

A 74-year-old former nun who cares for young children to earn a living after being swindled out of her life savings and a woman whose father lost $170,000 in proceeds from the sale of his farm testified against Tim Durham and his two fraud accomplices Friday morning.

Durham gets 50 years for fraud scheme

November 30, 2012

Former Indianapolis businessman Tim Durham was sentenced to 50 years in prison for running a Ponzi scheme that led to the collapse of Fair Finance, costing thousands of investors $250 million. Accomplices Jim Cochran and Rick Snow received 25 years and 10 years, respectively.

Successful Durham appeal unlikely, outside lawyers say

December 3, 2012

Local criminal defense lawyers who tracked the trial of Tim Durham and his accomplices say chances are slim that they would prevail on appeal. One said Durham would have a better chance of winning the lottery.

Investors let down guard, opening door to Durham fraud

December 6, 2012

Shouldn’t the 5,100 Ohio investors who lost more than $200 million when Fair collapsed have seen Fair’s lofty interest rates as a red flag?

Trustee settles for $3.5M with former Fair Finance owner

December 7, 2012

Donald R. Fair, the former owner of Fair Finance Co. who sold the business to fraudsters Tim Durham and James Cochran, agreed to the settlement Thursday.

Study calls Indiana Toll Road lease a bad deal

December 10, 2012

The Indiana Toll Road lease may have paid off in the short term, but a new study concludes it'll be a bad deal for taxpayers in the long run. Indiana officials say the report is flawed.

Durham files to appeal federal conviction

December 17, 2012

Indianapolis businessman Tim Durham has begun the process of appealing his conviction to the Seventh Circuit Court of Appeals in Chicago. Durham was sentenced to 50 years in prison after a jury found him guilty on 12 felony counts.

Convicted financier Durham says he can’t afford a lawyer

December 18, 2012

An Indiana financier and former chief executive of National Lampoon who was convicted of swindling investors out of about $200 million says he can't afford to hire an attorney to handle his appeal.

Andrews on point about greedy Fair investors

December 20, 2012

Kudos to Greg Andrews on his [Dec. 10] column about the Fair Finance fraud. There is no excuse for this criminal behavior, and Tim Durham and his buddies got what they had coming to them. But Andrews is spot on in highlighting the complicity of the investors in their demise.

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1,409 results for 'fair finance'

Articles

Prosecutors: Durham, accomplices deserve life sentences

Local designer’s bankruptcy tied to Fair Finance

Durham fate rests in judge’s hands

Live tweets from Durham sentencing

Wabash Valley Power aggressively shifting to greener alternatives

Judge sentences Durham to 50 years

WOJTOWICZ: Is small-business ownership for you?

Fraud victims detail losses before Durham’s sentencing

Durham gets 50 years for fraud scheme

Successful Durham appeal unlikely, outside lawyers say

Investors let down guard, opening door to Durham fraud

Trustee settles for $3.5M with former Fair Finance owner

Study calls Indiana Toll Road lease a bad deal

Durham files to appeal federal conviction

Convicted financier Durham says he can’t afford a lawyer

Andrews on point about greedy Fair investors

People in the news – Dec. 31, 2012

Judge lays into Durham, sentences him to 50 years

People in the news – Jan. 7, 2013

Durham can appeal fraud sentence as indigent, judge rules