![]() Attorney for the Southern District of Indiana, called it the longest sentence ever imposed for a white-collar offense in Indiana history. While he faced a maximum of 225 years under sentencing guidelines, federal district judge Jane Magnus-Stinson said there was no point in handing down a sentence that long. On Novemhe was sentenced to 50 years in prison–at his age, effectively a life sentence. On Jan Indianapolis jury convicted Durham of 10 counts of wire fraud, one count of securities fraud, and one count of conspiracy to defraud. The offices of Obsidian and Fair Finance were raided by federal agents in 2009, suspected of involvement in a Ponzi scheme. Durham took over as Lampoon CEO after Laikin stepped down. Laikin alerted authorities to Durham's financial schemes in hopes of getting a reduced sentence. The SEC alleged Laikin conspired to inflate the company's stock price to $5 in order to prevent the company from being delisted from the American Stock Exchange. Durham appointed Dan Laikin as CEO of National Lampoon Inc. Durham and accomplice James Cochran had acquired Fair Finance through a holding company in 2002. During that time Obsidian was borrowing heavily from Fair Finance Company, an Akron, Ohio-based creditor. From 2001 to 2006, Obsidian had cumulative losses of $30 million, according to the bankruptcy trustee. Obsidian also invested in mobile device distributor BrightPoint and National Lampoon, Incorporated. The public company then invested in a range of companies, including a rally-car builder, a plastic surgery center, a car magazine, a tour bus operator, a limousine rental company, a nightclub, an Italian restaurant, and a cell-phone billing processor. In 2001, he took his company Obsidian public. Rubber Reclaiming, and bus leasing firm Pyramid Coach. Durham was involved in taking over numerous ailing companies, including school bus manufacturer Carpenter, cargo trailer makers Danzer Industries and United Expressline, U.S. Durham left the firm after his 1998 divorce. ![]() Durham soon joined the investment firm owned by his wife's father, Indianapolis financier and longtime city council president Beurt SerVaas. He worked for law firm Ice Miller after graduation, and in 1989 he married Joan SerVaas. He graduated from Indiana University and its law school. Early life and education ĭurham grew up in Seymour, Indiana. In 2012, Durham was sentenced to 50 years in prison in connection with a Ponzi scheme that defrauded 5,400 investors, many of them elderly, of approximately $216 million, according to the U.S. His investment firm Obsidian Enterprises invested in a number of companies, including wireless device company BrightPoint and comedy brand National Lampoon, Inc., where Durham served as CEO. (born 1962) is an American former lawyer and businessman convicted in 2012 of the largest corporate fraud ever investigated by the FBI in Indiana. Wire fraud, securities fraud, conspiracy to defraudĥ0 years in prison, two years' supervised release (overturned Septemreinstated June 26, 2015) Whether you’re looking to buy Home Office Furniture online or get inspiration for your home, you’ll find just what you’re looking for on Houzz.Inmate #60452-112 incarcerated at United States Penitentiary, McCreary McCreary County, Kentucky earliest possible release February 1, 2056 Shop from Home Office Furniture, like the Reversible L-Shape Computer Desk With Drawers and File Cabinet or the GDF Studio Rex Mid Century Rubberwood Writing Desk, while discovering new home products and designs. With such a wide selection of Home Office Furniture for sale, from brands like Forest Designs Furniture, Flash Furniture, and Bush Business Furniture, you’re sure to find something that you’ll love. Find where to buy Home Office Furniture and get inspired with our curated ideas for Home Office Furniture to find the perfect item for every room in your home. The more efficient your office furniture, the more efficient you will be at doing your work! Browse our home office furniture section to find the products you love. You’ll be much happier if things have a dedicated home rather than living in mile-high stacks on your table. If not, find a desk with built-in storage or a hutch to do double duty. If you have the space, use a filing cabinet, bookcase or other storage cabinet to organize any documents and resources. Benzara, Woodland Imprts, The Urban Port (365).
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