Fair Finance owners convicted - UPI.com INDIANAPOLIS, June 21 (UPI) -- A jury convicted three businessmen in Indiana on fraud charges Thursday in a case involving 5,000 investors and the theft of $200 million. The jury took eight hours to return with multiple convictions against former attorney Tim Durham and partners James Cochran and Rick Snow, who bought investment vehicle Fair Finance in 2002 and quickly turned the business into a cash cow, using client funds to loan themselves money and support their lavish lifestyles, the Indianapolis Star reported Thursday. The three men were indicted in March 2011 on 12 charges of wire fraud, securities fraud and conspiracy to commit wire and securities fraud. Durham lived an especially lavish lifestyle, building up a collection of 20 classic cars, including a Rolls-Royce, a Ferrari, a Lamborghini and an Aston Martin, the newspaper said. He also owned a $6 million yacht and a $5.5 million mansion. His art collection, the Star reported, included paintings by Pablo Picasso. Along the way, his personal investments included local business and National Lampoon, which produced films such as "Animal House," and a series of vacation-oriented comedies. The convictions included possible sentences of up to five years in prison for conspiracy and up to 20 years on each of the fraud counts. A sentencing hearing is expected to be scheduled within the next three months. Tim Durham's attorney declined to comment on the verdict. Jeff Baldwin, Snow's attorney, said he was disappointed in the outcome, the Star reported.