Local News

Ex-financier Found at Fault in Duesenberg Sale

FORT WAYNE, Ind. (AP): A former Indianapolis financier in federal prison for a $200 million investment fraud has been ordered to pay $1 million over the disputed auction of a 1930 Duesenberg automobile.
 
       A federal judge ruled Timothy Durham owes that money to a Michigan couple from car's 2009 auction at the Auburn Cord Duesenberg Automobile Museum.
 
       The Journal Gazette reports the judge found that Durham was involved in rigging the auction. A Virginia man bought the Duesenberg for $3 million but he never received its title.
 
       The judge ruled Durham owned $1 million from the sale to Donald and Joan Lyons of Dowagiac, Mich. The couple and others have paid more than $2 million to the Virginia man.
 
       Durham was sentenced in 2012 to 50 years in prison on fraud convictions.

Related posts

Hamilton Couple Charged in Abuse Case

Dean Jackson

260 Day becomes 260 Weekend for 2022

Brian Davis

Fort Wayne Police Searching For Bank Robbery Suspect

Michael McIntyre