News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Metro RTA

NOCHE

Don Drumm Studios


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Courts and Crime


Tim Durham sentenced to 50 years
Former owner of Akron-based Fair Finance owner faced up to 225 years
Story by DAN GOLDBLATT


 
In The Region:
Convicted Indianapolis businessman Tim Durham did not get the full 225-year sentence prosecutors sought, but may still spend the rest of his life in prison.  Indiana Public Radio’s Dan Goldblatt that Judge Jane Magnus-Stinson handed down a half-century sentence Friday after hearing from victims of Durham’s failed investment bank.
Tim Durham received a 50 year sentence Friday after the US District Court in Indianapolis heard from victims of Akron, Ohio based Fair Finance.  One of those who spoke was an elderly nun who lost more than $100,000 of her own money she was setting aside to help build a school for mentally challenged children.

Durham did speak in his own defense, but the judge later said she did not find remorse in his statement. US District Attorney Joe Hogsett says no one is a winner in the sentencing, but justice has been done.

“It is my hope that these victims can  now begin the long and difficult process of finding peace, and faith and trust once more,” he says.

More than 5,000 people lost a total of $200 million when the bank Durham bought in 2002 collapsed. Durham and his associates were convicted of spending investor dollars on lavish homes, yachts, and cars. 

Durham’s lawyer John Tompkins says he still plans to appeal the original conviction, handed down this summer.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Ohio lawmakers want to eliminate background checks, training to carry guns
On the face of this report I don't find the name of the bill or who sponsered it. I will have to google a general bill with this as its content to address it. N...

Ohio lawmaker calls for an investigation into a Dayton women's prison
I was an inmate at DCI and I am so happy that it's being investigated. The staff behavior there is awful unless he/she is your lover. There are more drugs insid...

Ohio's disabled face long waiting list for services
Can we use the Tribble on Disability Care? if so can you send the link to http://voice4thevoiceless.us thank you, Mark J Cleland Sr voice4thevoiceless.us

Treasures rescued from Cleveland's closed Catholic churches
This was found to be a real gift today Good Friday Bless you for your work

Akron mayor says he had reason to fear an "enraged" councilmember
At least we know that York is out sick. Where in the World is Carmen Plusquellic today?

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University