User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


53° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Currency Trader Facing Criminal, SEC Charges

February 15, 2012, 9:47 AM

SIOUX FALLS, SD - A foreign money trader is facing federal criminal and securities charges.

Jeffery Lowrance already has a multimillion-dollar civil judgment against him in South Dakota. He was accused of defrauding hundreds of investors in a Ponzi scheme.

Lowrance was arrested in Peru last February. He's now in federal custody in Illinois.

He pleaded not guilty in federal court to mail and wire fraud and money laundering. Prosecutors say he intended to swindle 400 investors out of more than $25 million.

Lowrance's lawyer didn't respond to a call seeking comment.

About 200 plaintiffs in the 2009 South Dakota case were awarded nearly $180 million in damages after Lowrance failed to respond to the lawsuit.

Previous Story

Next Story




Sponsored
 

View news

You may also like

Four Arrested In Church Vandalism

5/18/2015 1:47 PM

Three Sioux Falls residents face charges after allegedly breaking into a west central Minnesota church.

Full Story
Woman Says Man Drugged Her at Concert, Hopes Story Helps Others

5/19/2015 6:05 PM

It was supposed to be an unforgettable concert, but a woman says she cannot remember it because she believes someone drugged her.

Full Story | Watch
One Killed, Five Hurt In Crash Near Bowdle

5/18/2015 2:07 PM

A Colton man is dead and five other people are hurt following a crash on U.S. Highway 12 near Bowdle on Sunday.

Full Story
Chicken Doesn’t Recognize Boy After Hair Cut

5/19/2015 12:22 PM

Video of a young boy getting a hug from a chicken is collecting a flock of fans.

Full Story
Police Officer Killed In Omaha Shooting

5/21/2015 5:42 AM

Police in Omaha, Nebraska, say a shootout between officers and a convicted felon has left an officer and the suspect dead.

Full Story


Events