Durham sentencing set for Friday

Disgraced Indianapolis financier Tim Durham faces sentencing Friday—and Monday marks a deadline in the federal case.

The U.S. attorney will file letters from customers who lost all their money in Durham’s financial scheme. Durham faces a Monday deadline to turn in letters of character reference in federal court.

Durham was convicted earlier this year for his role in the $200 million collapse of Ohio-based Fair Finance Corporation. A jury found he and his associates looted the company while loaning investors’ money to other Durham-owned companies.

The U.S. attorney wants a federal judge to sentence Durham to 225 years in prison and force him to repay $200 million to 5,000 investors. Durham said the amount of the lost money is overstated and countered that federal authorities shut his company down prematurely.