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.

NOCHE

Don Drumm Studios

Hennes Paynter Communications


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

Ohio becomes first in the nation to dump PARCC testing
Best test to use for elementary schools is the old pre common core Iowa test of basic skills. This test measures apples to apples and tests the skills appropri...

Ohio is moving forward with new standardized tests
Mr Chow, Nice piece on testing. Should not Ohio go to an open bid process for the new assessment contract? Ohio has stayed with a "connected" DC non-profit fo...

The Surpreme Court gay-marriage decision plays out in Ohio Amish country
Keep in mind that the majority of the people residing in Holmes County are Amish, a church people who do not vote because they do not believe in governmental ru...

Akron council committee recommends Forney for its opening
Which committee member voted for Wilhite?

Nearly a dozen Cuyahoga gay couples get licenses to marry after the Supreme Court ruling
Presiding Judge Anthony J. Russo a graduate of Chanel High School and supposed member of St. Francis Parish in Gates Mills has just excommunicated himself. As ...

Canton Youth Symphony is named orchestra of the year
This is what makes CSO the hippest small town orchestra in America!

What can be expected if Ohio's tobacco taxes increase?
let's face it! The increase has little to do with smoking cessation

Rare Cleveland Indians photo from 1911 hits the auction block
Paddy Livingston, who cut his teeth on a Louisville Slugger in Kent, Ohio was one of the immortals that played in that game. He was the catcher. Ty Cobb actuall...

Nexus denies Green's request to relocate its planned gas pipeline
These people have so much power. Too much. They could care less about the people they leave when it is done. Spectra does not, and admits, they do not do the...

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