INDIANAPOLIS (WISH) - TIm Durham has been sentenced to 50 years in prison by a federal judge.
Judge Magna Stinson's sentence was short of the 225 years the state was pursuing, but she said it was "effectively" a life sentence. She told Durham it was easy for him to donate to charity and politicians because he was using other people's money. She said he was trying to play the system.
Durham did take the stand on Friday, but no one testified on his behalf, though a few dozen letters were written to the court for him.
While on the stand, Durham said he felt bad for investors, saying he's read their letters multiple times. He told the court he didn't know people invested on an individual basis and wishes he was clearer about some things.
- CONTINUING COVERAGE | Track the ups and downs of the Durham case
Attorneys from the state said a 225-year sentence would underscore the seriousness of Durham's crimes. But Durham's attorney argued it wasn't appropriate, noting Bernie Madoff, convicted of running a high-profile ponzi scheme, didn't get as many as 225 years.
Durham and two of his associates were found guilty in June of fraudulent financial acts.
Prosecutors claimed he used his purchase of Akron, Ohio-based Fair Finance as his personal piggy bank to pay for the lavish lifestyle, eventually leaving more than 5,000 investors out more than $200 million.
The warmer weather is a thing of the past, and it's expected to get worse.
Local Marines helped spread some holiday cheer today.
Terre Haute Police filed citations against one Terre Haute towing business earlier this year. Andrews Towing and investigators were in city court Friday morning for the first time.
Seven new Indiana Conservation Officers officially joined the DNR Division of Law Enforcement during graduation ceremonies Friday at the Indiana Government Center South.
TRAFFIC ALERT: Martin County Deputies are requesting travelers to avoid U.S. 231 north of Loogootee. Due to many slide off accidents, traffic is backed up over a mile in several places
Right on cue, Thursday’s early winter storm dumped snow and ice on the Wabash Valley but county highway crews were a step ahead of the weather’s arrival pre-treating the 897 miles of pavement in the county.