Indiana News

Durham Released From Halfway House

4/11/2011

Tim Durham enters federal court Monday afternoon. (WIBC.com photo: Liz Thomas)
Tim Durham enters federal court Monday afternoon. (WIBC.com photo: Liz Thomas)

Indianapolis businessman Tim Durham has been released from a halfway house following his latest court hearing on federal wire and securities fraud charges.

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Federal Judge Kennard Foster Monday reviewed and accepted 20 pages of Durham’s financial records.

Foster is allowing the fallen financial planner to stay with an undisclosed family member somewhere in the U.S. Southern District of Indiana as his legal team prepares for trial. In exchange for his release, he must also remain on GPS monitoring.

Durham was arrested in Los Angeles last month and charged with 10 counts of wire fraud, one count of conspiracy and one count of securities fraud. Two of his business associates, James Cochran and Rick Snow, were also charged in connection with the case.

Federal prosecutors accuse the men of using Ohio-based Fair Finance as a personal piggy bank, defrauding about 5,200 people of more than $200 million.

Durham's trial is scheduled to begin June 11, 2012.

MORE FROM WIBC NEWS:
» June 2012 Trial Set for Durham (4-7-11)
» Durham Taken Into Custody After Hearing (4-6-11)
» State Rep to Return Durham's Contributions (3-22-11)
» Republican Party Will Not Return Durham's Donations (3-17-11)
» Geist Businessman Indicted (3-16-11)
» Durham Linked to FBI "Cramming" Investigation (12-16-10)
» Businessman's Art Collection to be Auctioned (10-15-10)
» Indy Businessman Faces Foreclosure on Mansion (9-17-10)
» Classic Cars Seized from Durham Property (7-1-10)
» Durham Facing Additional Financial Trouble (4-29-10)
» Investigation of Indy Financier Troubles GOP (12-12-09)
» Lawsuit Filed Against Indianapolis Businessman (12-4-09)
» US Attorney Drops Lawsuit Against Indy Businessman (11-30-09)
» Brizzi: Inappropriate to Comment on Durham Allegations (11-25-09)
» FBI Conducts Raid at Downtown Office (11-24-09)
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