updated: 6/25/2012 7:53:48 AM
Three businessmen convicted of defrauding $200 million from investors are due to appear in U.S. District Court today to determine where they will be housed prior to sentencing. Tim Durham, along with partners Jim Cochran and Rick Snow, await a sentencing hearing in Indianapolis following their recent guilty verdicts.
Our partners at WIBC/Network Indiana report Judge Jane Magnus-Stinson's decision concerns whether the men will stay in federal custody.
The prosecution says the trio poses a flight risk.
Durham was found guilty on 12 counts, Cochran on eight counts and Snow on five counts of bilking investors in a Ponzi Scheme.
Source: WIBC/ Network Indiana