Durham mansion put up for auction for $2.2 million

NOBLESVILLE, Ind. - The former home of convicted millionaire Tim Durham went up for auction Thursday, but found no bidders on day one.

IMAGES: Inside Tim Durham's home

Durham was sentenced in 2012 to 50 years in prison for bilking investors out of hundreds of millions of dollars. His investors have yet to see a penny in remuneration.

Durham's 11,000-square-foot mansion in Geist was the first house up for bid at the Hamilton County Sheriff's auction. JP Morgan Chase began the bidding at $2.2 million.

After nearly 30 seconds without any sign of interest, the auctioneer moved on to other items.

Durham continues his legal efforts to have his federal sentence overturned. He is currently appealing his sentence in the 7th Circuit Court of Appeals.

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