FORT WAYNE, Ind. -- 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 thecar'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 owed $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.