Indiana News

Lawsuit: Convicted Financier Durham Stole $1M

INDIANAPOLIS (AP) _ A lawsuit filed in Los Angeles accuses former Indianapolis financier Tim Durham of embezzling $1 million from National Lampoon Inc. to pay the attorney who represented him on federal fraud and conspiracy charges.
 
  The Indianapolis Star reports Durham, attorney John Tompkins and Tompkins’ firm are defendants in the lawsuit that the company filed last week.
 
  Durham was chief executive officer of National Lampoon from December 2008 until January 2012.
 
  The 50-year-old Durham was sentenced to 50 years in prison in November after a jury convicted him of securities fraud, conspiracy and 10 counts of wire fraud. Prosecutors say he and two co-conspirators bilked investors in Akron, Ohio-based Fair Finance of $200 million.
 
  Tompkins declined to comment on the case. A message was left seeking comment from Durham’s new attorney.

Related posts

Rep. Banks Introduces End Executive Branch Amnesty Act to Tighten Immigration Policies

Heather Starr

“Clothes for Joes” to hold Saturday morning opening

Darrin Wright

Indiana Trooper Arrested in Illinois on Sex Charges

WOWO News