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Monday, June 11, 2012

Ind. Courts - "Durham Faces Trial Over Fair Finance Co"

Bloomberg News has a backgrounder today. The long story begins:

Timothy S. Durham, a onetime political fundraiser and chief executive officer of National Lampoon Inc. (NLMP), faces trial on charges he and two other men defrauded investors at another company they controlled.

A jury was selected on June 8 and prosecutors are scheduled to deliver their opening statements today in federal court in Indianapolis.

Durham and two other men were indicted last year on allegations they cheated 5,000 investors in a $200 million scheme involving interest-bearing notes issued by Akron, Ohio- based Fair Finance Co., which they controlled.

The reporters are Andrew Harris and long-time Indianapolis reporter Howard Smulevitz.

See also this ILB entry from Sunday headed "No cellphones at Durham trial."

Posted by Marcia Oddi on June 11, 2012 08:00 AM
Posted to Indiana Courts