Wednesday, June 20, 2012

Durham Found Guilty x 12

Yeah, it usually doesn't end well for guys
with artwork of themselves.
Prior to November of 2009, Tim Durham was a political power donor of sorts for politicians like Carl Brizzi and Mitch Daniels.  Today, he's a felon.

Earlier this evening, Durham was found guilty on 12 felony counts stemming from his defrauding of investors of his Fair Finance company.  In all, over 5,000 investors were defrauded of over $200 million.  Two other of Durham's partners were also found guilty of eight and five felony counts, respectively.  Durham will be facing a very long prison term.

It was just a short time ago that Durham was flaunting his wealth from his office at the top of the Chase Bank Tower.  It was prime real estate.  Durham lived large and wasn't shy about it.  He liked hobnobbing and rubbing elbows with the rich and famous.  That included large political campaign donations.  The problem is that he largely earned that money by bilking his company's investors.  Sadly, WIBC reported that those investors likely won't get any of their money back.

U.S. Attorney Joe Hogsett had the following statement about the conviction of Durham.

1 comment:

Anonymous said...

When will MItch Daniels return the money he got from 12 time felony convicted Durham. Has he no shame? Thousands of retirees lost their money and are suffering and a good chunk of that money ended up in Daniels account.