Financier Gets 50 Years for $200M Swindle

Bulletin Today | Money & SavingsBy Tom LoBianco of The Associated Press INDIANAPOLIS (AP) — An Indiana financier and former chief executive of National Lampoon convicted of swindling investors out of about $200 million was sentenced Friday to 50 years in prison by a judge who told him his “deceit, greed and arrogance” had cost many of his victims their life savings and dreams of a comfortable retirement. U.S. District Judge Jane Magnus-Stinson said Timothy Durham had violated the trust of thousands of small investors …