Friday is a big day for former Indianapolis financier and Fair Finance owner Tim Durham. Convicted in June of securities fraud, conspiracy and 10 counts of wire fraud for conning about 5,000 investors out of more than $200 million, Durham is set to be sentenced in U.S. District Court in Indianapolis.
Durham is facing a possible sentence of 225 years in prison, the maximum sentence recommended in a federal probation report.
“Durham has earned a place among the greediest, most selfish, and remorseless of criminals,” federal prosecutors wrote in documents filed Monday.
Earlier this week, Durham’s attorney, John Tompkins, filed documents asking for a five-year sentence for his client. Among other things, Tompkins argued that Durham deserves a shorter sentence because “the seriousness of Mr. Durham’s offenses is substantially overstated.”
The 5,000 investors in Fair Finance may think otherwise.