Statement from the United States Attorney

INDIANAPOLIS - Tim Durham was resentenced today by U.S. District Judge Jane Magnus-Stinson to 50 years in federal prison; the same sentence he originally received after his jury trial on securities and wire fraud charges.  Mr. Durham’s sentence means he will effectively spend the rest of his life in prison for stealing over $220 million dollars from nearly 5000 victims, many of whom lost their life’s savings.

Mr. Durham’s actions were a result of greed, arrogance and deceit and his sentence is a just consequence for his crimes.