Monday, July 25, 2011

SEC Charges Forex Ponzi Operator Who Fled After Scheme Unraveled

SEC has also filed charges, see the link below:

http://sec.gov/news/press/2011/2011-147.htm

"First Capital Savings & Loan Ltd. Chief Executive Jeffery A. Lowrance, who had fled to Peru and was arrested there earlier this year, was arraigned today on criminal fraud charges in a 2010 indictment filed by the United States Attorney’s Office for the Northern District of Illinois. In addition, the Commodity Futures Trading Commission filed fraud charges Thursday against Lowrance and First Capital." .... view the link above to read more.