Successful high-stakes financier. Chairman of National Lampoon. Philanthropist. Entrepreneur. Playboy. Thief. Crook.
Call him what you will, describe him how you will, Seymour native Timothy Durham is headed to prison, sentenced by U.S. District Judge Jane Magnus-Stinson to 50 years in federal prison.
Yes, Durham, 50, is going to the big house as punishment for swindling investors of more than $200 million. No more driving Ducatis. No more strolling around with models. So long mansion and classic auto collection.
Sadly, however, the story doesn’t end there for the many victims of what amounted to a Ponzi scheme perpetrated by the Seymour High School graduate and two of his business associates, James Cochran and Rick Snow, in the slow, painful liquidation of Fair Finance in Akron, Ohio.
All content copyright ©2014 The Tribune, a division of Home News Enterprises unless otherwise noted.