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Courts and Crime


Former Fair Finance owner likely to spend rest of life behind bars
Judge unsympathetic when Timothy Durham said he "felt bad" about what happened at Fair Finance
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
In The Region:

Prosecutors recommended that Timothy Durham, who bilked thousands of investors (mostly northeast Ohioans) out of more than $200 million in the Fair Finance fraud be sentenced to 225 years in prison.  But, Federal Judge Jane Magnus Stinson said since Durham is 50 years old she couldn’t do that. Instead, she prescribed a combination of sentences for  Durham’s 12 felony convictions in the case that add up to 50 years…and threw in two more years of supervised release should he make it to the end of the term.

During the presentencing hearing this morning the judge said she had received 1,035 letters from Fair Finance victims, and read every one.  

Listener Comments:

Praise the Lord!! Justice was done! These men don't deserve to live, but being behind bars will be much more torture than death. Thank you Judge!
I just hope there is some money left for us poor retired people to get back. We worked hard for that money. Durham


Posted by: John/Judy James (Ashland, OH) on December 1, 2012 5:12AM
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