Court upholds most counts vs. Durham, associates - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Court upholds most counts vs. Durham, associates

Posted: Updated:

CHICAGO (AP) - A U.S. appeals court Thursday upheld most of the convictions against an Indianapolis financier and two associates, but reversed the convictions against him on two wire fraud counts saying the government failed to enter into the record key documentary evidence.

The 7th Circuit Court of Appeals in Chicago said in its ruling that Timothy Durham and co-defendants Jim Cochran and Rick Snow took control of Ohio-based Fair Finance and turned it into "their personal piggy bank" they used to support their lavish lifestyles.

One of the counts overturned involved the transfer of $250,000 and the other $50,000.

The court rejected the request by the defendants to lower the amount of restitution they must pay, but ordered Durham be resentenced without those counts. He originally was sentenced to 50 years.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

Fox 28

WSJV-TV FOX 28
58096 County Road 7, South
Elkhart, IN 46517

Switchboard: 574.679.9758
News Phone: 574.679.4545
Station Fax: 574.294.1267
Email: fox28news@fox28.com

All content ┬ęCopyright 2000 - 2014 WorldNow and WSJV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Heather Stewart at (574) 343-5310. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.