Disgraced Indianapolis financier Tim Durham has appealed his conviction after a judge sentenced him to 50 years in November.
According to our newsgathering partners at the Indianapolis Business Journal, Durham had 14 days to file an appeal. The Seventh Circuit Court of Appeals in Chicago would hear Durham’s appeal.
Federal Judge Jane Magnus-Stinson sentenced Durham to 50 years in prison after a jury found him guilty on 12 felony counts related to the collapse of Durham’s Akron, Ohio-based company, Fair Finance. The investment scam bilked investors out of $250 million. The punishment amounted to a life sentence for 50-year-old Durham.
Jim Cochran and Rick Snow—Durham’s co-owners with Fair Finance—received sentences of 25 years and 10 years, respectively.