INDIANAPOLIS - A federal appeals court overturned two convictions against Timothy Durham on Thursday, ordering the former Indianapolis businessman to be resentenced.
Durham was convicted in 2012 of 12 counts of securities fraud, conspiracy and wire fraud in connection with an investment fraud that bilked thousands of elderly investors out of $200 million.
Prosecutors argued that Durham and partners James Cochran and Rick Snow raided Fair Finance to enrich themselves and their friends, and to prop up Durham's other struggling businesses.
On Thursday, the Seventh Circuit Court of Appeals overturned two of Durham's convictions for wire fraud due to prosecution's failure to properly enter key documents into the trial record. The court also ordered Durham to be resentenced.
Durham was sentenced in 2012 to 50 years in prison . A resentencing hearing could potentially see some of that sentence reduced.
The 11,000-square foot home Durham owned in Geist went up for auction in March for $2.2 million . There were no bidders.
Disabled woman struck in hit-and-run dies
Police arrested a man Sunday in connection to a hit-and-run crash that left a woman critically injured.
Indy music lovers flock to Record Store Day
Indianapolis music fans made a big showing Saturday at the eighth annual Record Store Day.
Runners lace up for marathon weekend in C. Ind.
It was a marathon Saturday in Central Indiana as runners all over the area laced up for their respective races.
Girls pick out prom dresses at annual giveaway
On Saturday, hundreds of Indianapolis high school girls got one of the most important pieces of their prom experience – their dress.
Missing Anderson mother found dead in Gary
An Anderson woman who went missing a week ago was found dead Friday in a Gary home.