Is Timothy Durham still in jail?
He is serving his sentence at United States Penitentiary, McCreary in McCreary County, Kentucky. He was also sentenced to two years’ supervised release, but this was largely academic given the likelihood that he will die in prison.
How old is Tim Durham?
About 59 years (1962)
Tim Durham/Age
Where did Tim Durham live?
Durham’s main residence is a 30,000 square foot, 8 bedroom home in Indiana. The house has a pool, 2 state of the art kitchens, 3 bars, an exercise room, home theater and about 20 TV’s — including 2 in the master bathroom’s mirror. Durham’s main residence is a 30,000 square foot, 8 bedroom home in Indiana.
Who bought Tim Durham House?
Husband-and-wife team John and Kara Gurchiek in January 2015 purchased the five-acre property for about $1.7 million from JPMorgan Chase Bank, according to Hamilton County assessor records.
How does extreme greed affect the stock market?
Extreme Greed. Stocks have outperformed bonds by 6.59 percentage points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds.
Who was involved in the fair financial case?
The investigation was led by the FBI in Indianapolis. This case is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes.
What did Mitza Durham get from Fair Finance?
Fair Finance Co. trustee Brian Bash alleged in a lawsuit filed in 2012 that Durham’s mother, Mitza Durham, received more than $831,000 in “fraudulent transfers” from her son between 2006 and 2009 that needed to be repaid to the company estate. In 2014, Mitza Durham agreed to repay Fair Finance Co. $500,000, plus interest.
Who was arrested in the fair finance Ponzi scheme?
The offices of Obsidian and Fair Finance were raided by federal agents in 2009, suspected of involvement in a Ponzi scheme. Durham was arrested in 2011. On June 20, 2012; an Indianapolis jury convicted Durham of 10 counts of wire fraud, one count of securities fraud, and one count of conspiracy to defraud.