Wednesday, September 26, 2012
Durham Sentencing Date Set
Convicted Ponzi schemer Tim Durham will be sentenced on November 30 by Judge Jane Magnus-Stinson for twelve felony fraud convictions related to his operation of the Fair Finance Company in Ohio that bilked small rural investors out of more than $200 million. If Judge Magnus-Stinson metes out a sentence similar to what federal judges have given to those committing similar crimes in recent years, he can expect to spend the rest of his life in prison. Durham's business associates, James Cochran and Rick Snow, will be sentenced at the same time.