Simply confirm your registered email address below and click "Reset Password." We will immediately email you a link back to the site where you can enter a new password for this account.
We've found your existing WIBC Email Club account. Please login below to complete the Facebook login process.
Tim Durham (WIBC.com file photo)
The prosecution in Tim Durham's federal trial has wrapped. Then the defense gets its turn Tuesday
Then the defense gets its turn. Defense attorneys expect to wrap by mid-Tuesday the latest. Durham and partners Jim Cochran and Tim Snow are charged with conspiracy, wire and securities fraud. Prosecutors allege the men ran a $200 million Ponzi scheme that ripped off 5000 investors, mainly elderly people. Prosecutors have relied on federal telephone wiretaps and email among Durham and partners to build their case.
Much of the correspondence involves the trio discussing the transferring of tens of millions of dollars between Durham's companies, Fair Holdings, DCI Investments and Obsidian Enterprises among others. Prosecutors are trying to convince jurors that Durham and partners financed luxury lifestyles that included homes, fancy cars and parties at places like the Playboy Mansion among other things with investor money. They called numerous witnesses including Ohio investors Donald Russell and David Spector who say they were bilked out of hundreds of thousands of dollars.
Prosecutors also played phone calls between Durham and partners discussing creative ways to explain their financial records for curious Ohio securities regulators. If convicted, the men face years behind bars.
MORE FROM WIBC NEWS:Prosecution Poised To Rest In Durham Trial (6-18-12)Auditor Testifies In Durham Trial (6-15-12)Indy Attorney Sizes Up Durham Jury (6-15-12)FBI Wiretaps & Email In Durham Trial (6-14-12)Former Employee Says Durham Lied to Investors (6-13-12)Ohio Man Says Durham Robbed Family (6-12-12)Indianapolis Defense Attorney Weighs In On Durham Case (6-11-12)Former Firm Owner's Accusations Lead Testimony in Tim Durham Trial (6-11-12)Tim Durham Trial Getting Underway (6-11-12)Jury Selected in Trial of Embattled Money Manager Tim Durham (6-8-12)Judge Denies Motion for Dismissal in Durham Case (4-19-12)Durham Attorney Downplaying New Charge (2-22-12)Durham's Legal Team Wants Charges Dropped (1-6-12Durham's Attorney Calls for Dismissal of Charges (12-21-11)Indianapolis GOP to Turn Over Durham Donations (9-14-11)Tim Durham Files Request to Return to Mansion (8-16-11)Durham Co-Defendent Seeks Public Defender (7-14-11)Bosma to Return Durham Contributions (4-30-11)Durham Released From Halfway House (4-11-11)June 2012 Trial Set for Durham (4-7-11)Durham Taken Into Custody After Hearing (4-6-11)State Senator 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)Indy Businessman Faces Foreclosure on Mansion (9-17-10)Durham Facing Additional Financial Trouble (4-29-10)Lawsuit Filed Against Indianapolis Businessman (12-4-09)
NOTE: This thread is moderated, comments will not post immediately.
Copyright by WIBC.com © 2012. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright © 2014. All rights reserved.