Disgraced financier Tim Durham won’t have to pay for an appeal.
A federal judge granted Durham—convicted in an investment scam that bilked more than $200 million from investors—status as an “indigent,” meaning he can’t afford to pay for his own appeal.
Durham said he didn’t have the funds to file an appeal with the 7th U.S. Circuit of Appeals in Chicago because his home is in foreclosure and his assets are tied up in bankruptcy proceedings.
Judge Jane Magnus-Stinson sentenced Durham to 50 years in prison in November. A jury convicted him of wire fraud, securities fraud and conspiracy following the collapse of the Ohio-based company, Fair Finance.