Legal Opinion
United States v. Timothy Durham
Court of Appeals for the Seventh Circuit
Decided September 4, 2014No. 12-3819, 12-3833, 12-3867PublishedCited by 64 opinions
1Opinion of the Court
SYKES, Circuit Judge.
Timothy Durham, James Cochran, and Rick Snow were convicted of perpetrating a widespread financial fraud that caused more than $200 million in losses to thousands of victims, many of them elderly or living on modest incomes. After taking control of Fair Finance Company, a previously well-established and respected business, the trio quickly turned it into their personal piggy bank. They used money invested in Fair to support their lavish lifestyles and to fund loans to related parties that would never be repaid. When the company’s auditors raised red flags about its…
2Cases cited34 opinions
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- United States v. Karl CunninghamCourt of Appeals for the Seventh Circuit · 2005
- Securities & Exchange Commission v. ZandfordSupreme Court of the United States · 2002
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3Cited by64 opinions
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- United States v. Vahan KelerchianCourt of Appeals for the Seventh Circuit · 2019
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