ILNews

Justices suspend Tim Durham’s law license

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Tim Durham, the Indiana businessman found guilty in June on 12 felony fraud charges, had his law license suspended last week by the Indiana Supreme Court.

The order, dated Feb. 14 and available online Wednesday, ordered Durham suspended pendente lite effective immediately. He was admitted to the bar in 1987.

Durham is appealing his convictions and 50-year sentence for his role in a Ponzi scheme that defrauded Ohio investors out of $250 million. The charges stemmed from the collapse of Fair Finance Co. in Akron, Ohio. Durham co-owned the company with Jim Cochran, who received 25 years, and Rick Snow, the chief financial officer of the company, who received a 10-year sentence.

 

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