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The United States District Court for the Southern District of Indiana has set a deadline of Thursday, November 15, 2012, for any victim to notify the Government if they plan on attending the sentencing hearing for defendants Tim Durham, James Cochran and Rick Snow on November 30, 2012.
Additionally, the court has set November 15th as the deadline for notifying the Government if you intend to make an oral victim impact statement during the sentencing proceedings.
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Upon obtaining approval for all of these settlements, the Trustee intends to make every effort to carry out an interim distribution to Fair Finance’s creditors during calendar year 2015. On November 30, 2012, Judge Jane Magnus-Stinson sentenced three of Fair Finance’s officers to prison for securities fraud, wire fraud, and conspiracy. I have received many emails asking what implications the sentencing will have on the recovery.
The Trustee will post an update on this website when further information is available as to amounts and timing. The judge sentenced CEO Timothy Durham to 50 years in prison, Chairman of the Board James Cochran to 25 years in prison, and Chief Financial Officer Rick Snow to 10 years in prison. My attorneys and I have been working to identify assets and claims and to collect money for investors since February of 2010.
The only difference is that Exhibit 1 lists the claims in numerical order by claim number and Exhibit 2 lists the claims in alphabetical order by the name of the claimant. Payment is secured by a first lien on National Lampoon’s receivables, and in the event that the company or its assets are sold, the proceeds will be first paid to the Trustee, on a pro rata basis with one other secured creditor who is owed million. James Cochran, one of Fair Finance’s owners, assigned the Trustee substantially all of his existing and future assets. The Trustee anticipates commencing a claim allowance process to enable calculation of the actual claims against the estate.Tags: Adult Dating, affair dating, sex dating