One of the nation’s largest law firms will handle the appeal for disgraced financier Tim Durham.
In November, Durham was sentenced to 50 years in federal prison following the collapsed of Ohio-based Fair Finance Co. He planned to appeal his sentence, but told the court he couldn’t afford representation.
An attorney from Chicago-based law firm Kirkland & Ellis will handle Durham’s appeal on a pro bono basis, according to our newsgathering partners at the Indianapolis Business Journal.
Durham was convicted of scamming more than $200 million from 5,000 investors. Charges against him included securities fraud, conspiracy and multiple counts of wire fraud.
A U.S. district judge granted his request to proceed with his appeal as an indigent. Durham said his assets are tied up in bankruptcy proceedings, adding that his home is in foreclosure.
In addition to Durham, Fair Finance co-owner Jim Cochran and company CFO Rick Snow were sentenced in the case. Cochran was sentenced to 25 years, Snow to 10 years.