INDIANAPOLIS — An Indianapolis financier convicted with two associates of bilking investors in an Ohio company of more than $200 million says he feels for everyone who lost money.
Seymour native Tim Durham took the stand in U.S. District Court on Friday during his sentencing hearing on charges of fraud and conspiracy. The hearing started at 1 p.m.
A jury in June convicted Durham, James Cochran and Rick Snow of stripping Akron, Ohio-based Fair Finance of its assets and using the money to buy mansions, classic cars and other luxury items and to keep another Durham company afloat.
Durham said he feels “terrible” that investors in Fair Finance lost money but that his family also lost all of its investments.
See the full story in Saturday’s edition of The Tribune and watch www.tribtown.com for updates.
All content copyright ©2014 The Tribune, a division of Home News Enterprises unless otherwise noted.