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.
Cool again tonight. Sunny again tomorrow.
Slight chance rain early Friday morning.
Andrew Luck signs with Colts through 2021
The Indianapolis Colts agreed to a contract extension through 2021 Wednesday with quarterback Andrew Luck.
Ind. offers $75 in cooling aid to those eligible
Indiana is offering a $75 credit to eligible households to help pay for higher electric bills when air conditioners are in use during the summer.
CALL 6: Expect more police at the Indy airport
If you plan on flying to or from the Indianapolis International Airport anytime soon, you may see more police than usual.
K-9 dies from heat exhaustion after arrest
An Indiana K-9 died this week after suffering from heat exhaustion during the search and arrest of three armed robbery suspects.