Fraud victims of a former Indianapolis businessman will receive an additional $5 million payout, amounting to less than 3 percent of their $208 million in losses.

The Indianapolis Business Journal reports that the money for the victims of Tim Durham's Fair Finance Co. Ponzi scheme comes from lawsuits filed by Trustee Brian Bash. Bash's payout boosts investors' recovery to $23 million.

Many of the lawsuits were filed against friends and business associates of Durham, who received questionable transfers.

Bash says many of Durham's associates have "squandered" the money, leaving little or nothing to recover. The only prior distribution was $18 million in 2015.

Durham was sentenced to 50 years in federal prison after a 2012 conviction of securities fraud, conspiracy and wire fraud for operating a Ponzi scheme that defrauded thousands of investors in his Ohio-based company, Fair Finance.