- Associated Press - Friday, March 28, 2014

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 (https://bit.ly/1lqTWNv ) 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.


Information from: The Journal Gazette, https://www.journalgazette.net

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