Click here for weather warnings in central Indiana

Court prosecutor ‘oversight’ leads to reversing two convictions in wire fraud case

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Tim Durham

INDIANAPOLIS, Ind. (September 4, 2014)– An appeals court has overturned two of ten convictions for a man convicted of wire fraud in 2012.

Tim Durham was convicted of 10 counts of wire fraud, securities fraud and conspiracy two years ago. Authorities say he stole $200 million from thousands of victims at Fair Finance in a Ponzi scheme.

The judge originally sentenced Durham to 50 years in prison. The appeals court says he will need to be resentenced as a result of this ruling.

The U.S. Court of Appeals in Chicago failed to enter key documentary evidence into the trial record that supported two counts of wire fraud against Durham. Because of this, the court reversed the two convictions.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.