Prosecution Poised To Rest In Durham Trial
Tim Durham (WIBC.com file photo)
The prosecution in Tim Durham's federal trial could wrap up its case today.
Durham and partners Jim Cochran and Rick Snow face about a dozen charges of conspiracy and wire and securities fraud. Prosecutors are using wiretapped phone conversations and email evidence in their effort to convince jurors that Durham and partners ran a $200 million Ponzi scheme that bilked five thousand investors. Initially, Judge Jane Magnus-Stinson told jurors the trial could last three weeks, but it appears both sides will rest at least a week early before the jury deliberates.
Defense attorneys are expected to take two days at most to present their cases. The jury could get the case Wednesday. It had been expected that some 49 witnesses would be called to testify. If convicted, Durham and partners face years behind bars.