Newest federal inductees into the Dewey, Cheathem, and How
fraternity, and Club Fed are the team of Durham, Cochran, and Snow. Our three nefarious inductees all have won
all expense paid incarceration in as of yet unnamed federal correctional
facilities.
Mr. Durham has been awarded 50 years of incarceration at a
federal facility of the government choice for his part in an outstanding effort
in the field of wire fraud and securities fraud to the tune of $208,000,000.00
($208 Million)(Which is a record for the state of Indiana) as CEO of Obsidian
Enterprises of Indianapolis, Indiana and former CEO of Fair Finance of Akron
Ohio. The US Attorney for the Southern
District of Indiana Joe Hogsett note that these criminal charges had nothing to
do with his Mr. Durham other job as CEO of National Lampoon. Other notable accomplishments were Mr. Durham
fund raising for the Republican Party (I wonder if the Republican Party and any candidates that he made contributions to will give back the
money that he raised for them and or he donated to them?).
Mr. Durham who is 50 years old can be out of stir with good
behavior by the time he is 93 and a half, congratulations you have just been
handed a death sentence, statistically you have about as much chance of seeing
93.5 years of age as me wining the latest Powerball lottery, (what do you mean
someone else won, and they are from Missouri!). Look at it this way your repayment to society
will be at a rate between $11,397 and $13,085 for each day that you serve (Full
50 year or 43.5 year for good behavior).
Technically you are responsible for the whole amount of the fraud, but I am just guessing you already know that.
Mr. Cochran chairman of Fair Finance of Akron Ohio was
awarded a total of 25 years of incarceration at a federal facility of the
government choice for his supporting role in the field of wire fraud and
securities fraud. Since Mr. Cochran was
only awarded half as many years he must have had dirt on one hand (right or
left?). Mr. Cochran who is 57 years old
will be 82 years old if he survives incarceration and serves his full sentence,
with good time Mr. Cochran could be out when he is nearly 79 years old. What a way to spend your golden years, well
played sir, well played.
Mr. Cochran repayment to society will be at a rate between
$22,794 and $26,173 for each day that you serve (Full 25 years or 22 years with
good behavior). Mr. Cochran technically
you are responsible for the whole amount of the fraud, you know in for a penny in for a
pound. What a deal Mr. Cochran certainly
better than Mr. Durham.
Finally there is Mr. Snow, the ex Chief Financial Officer of
Fair Finance. He was award a total of 10
years of incarceration for his supporting yet uninspiring role in the field of
wire fraud and securities fraud, not a really stellar performance sir, next time;
if there is next time you should try harder.
10 years in a federal correctional facility to be named by the
government is a really sucky consolation prize.
Mr. Snow who is 49 years old will be 59 years old provided he survives
his incarceration (it is likely that he should), but with good time he could be
out when he is nearly 58, now that’s something to look forward to. 58 years old a convicted federal felon
looking for a job (Three strikes against your, convicted felon, age, and an
unexplained gap in your work history, not a wining combination), is life great
or what. He might actually spend some of
his golden years outside of the wire, missing that 0300 hrs. Bed check. Do not blame the Bed check on the institution
blame it on others who came before you and took this particular time in the
morning to either escape or try to escape.
Mr. Snow repayment to society will be at a rate between
$56,986 and $65,429 for each day that you serve (Full 10 years or 8.7 years
with good behavior). Mr. Snow it appears
that you have the best deal. Were you
the weakest link? Again as in the case
of the other two defendants you to are also responsible for the full amount of
the fraud.
Gentleman all of you should remember the lines from the song
“Ride Captain Ride” by Blues Image, as you are being in processed at the
Federal Correctional facility of the government choice.
“On your way to a world that others might have missed. Ride
Captain Ride Upon your mystery ship, Be amazed at all of the friends you have
here on your trip”
For prison is a world that many others have missed. Having friends is outside of the walls and keeping them is
truly amazing. In all probability you
will join the missing. As one who has
processed incoming inmates to a correctional facilities, it is something that
still gives me chills, and I got to go home every evening, it was a hell of a
way to put myself through college, and as soon as I could find other
employment, I did.
I do not know if any of you gentlemen have wives and or children,
but if you do I offer my condolences to them in this their hour of travail. May the scars of your personal failure inflicted
on your families’ members be small and or inconsequential, but somehow I
believe that this will not be the case.
Gentleman Bon Chance, it is more than you gave your victims.
It is unfortunate for your families that
in the game of life there are no Mulligans.
There is always a chance of a Presidential pardon, granted right now many
will classify it as non-existent, or that the Federal Statues on good time are
revised and relaxed, but the odds on this appear to be quite long (elected
representatives want to appear to be hard on crime and criminals before I suspect that you would not blame them for this position, but right now I suspect your position on the subject might be changing), but stranger
things have happen, just not too often (Black Swans anyone?).
