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Prosecution rests in Indy fraud case
Updated: Monday, 18 Jun 2012, 4:51 PM EDT
Published : Monday, 18 Jun 2012, 4:51 PM EDT
INDIANAPOLIS (AP) -- Federal prosecutors have wrapped up their case against a prominent Indianapolis businessman accused of bilking investors out of $200 million.
The government rested its case against Tim Durham and his partners on Monday. Defense lawyers were expected to make their case Tuesday.
During the last week, authorities presented evidence from accountants and wiretaps that they say showed the businessmen used money from Akron, Ohio-based Fair Finance to pay for their failed businesses and lavish lifestyles that included a Playboy party, classic cars and private jets. Investors testified about losing their life savings
in what prosecutors call a Ponzi scheme.
Durham's attorney says he doesn't know whether Durham will testify.
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