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.


67° 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




 
Find Local Businesses on KELO Pages!

View news

You may also like

SUV Driver Ticketed Following Deadly Crash

8/18/2014 11:35 AM

Sioux Falls Police have ticketed a 26-year-old driver for her involvement in a deadly bicycle crash last month.

Full Story
Former State's Attorney Admits Sexual Crimes

8/13/2014 6:00 PM

We are learning more disturbing details about the former Walworth County State's Attorney, who's charged with raping three young children.

Full Story | Watch
Charges Filed After Baby Hurt At Day Care

8/19/2014 11:13 AM

A Sioux Falls day care provider faces charges after a child in her care was hospitalized.

Full Story
Illinois Man Found Dead In The Black Hills

8/17/2014 11:30 AM

Authorities say a 23-year-old Illinois man who was reported missing in early August was found dead in the Black Hills National Forest.

Full Story
Wife Reveals Robin Williams Had Parkinson's Disease

8/14/2014 1:25 PM

Susan Schneider, wife of Robin Williams, says the late actor was in the early stages of Parkinson's Disease, along with battling depression and an...

Full Story


Events