Dear, Jeff Lowrance. You are a liar.
17 years ago
Thursday, March 7, 2013
Jeff Lowrance Incarcerated
JEFFREY LOWRANCE is currently incarcerated at FCI Bastrop and is scheduled for release on June 7, 2023. The inmate is not eligible for parole.
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.
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.
Tuesday, March 1, 2011
Jeff Lowrance Arrested in Peru
Jeff Lowrance has been arrested in Peru on Feb 6, 2011. We are awaiting his extradition. Jeff Lowrance aka Alan Carpenter, appears to have started another company under Private Global Banks, http://privateglobalbanks.com/ where he was again taking on investors. I have including the court pleadings that have been filed in this case. Just follow the link below.
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B_qQVoTL5SsSMDIwYzUzNzYtYzk4My00ZTRiLWIxZTktYjk4NzMzZGQ3ODlk&hl=en&authkey=CI2eqOcJ
The money has been difficult to find so far.
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B_qQVoTL5SsSMDIwYzUzNzYtYzk4My00ZTRiLWIxZTktYjk4NzMzZGQ3ODlk&hl=en&authkey=CI2eqOcJ
The money has been difficult to find so far.
Thursday, February 24, 2011
Tuesday, November 3, 2009
$42 Million Judgement
Here is a link to a copy of the judgement:
https://docs.google.com/fileview?id=0B_qQVoTL5SsSNDc1MjM0YjctODM3YS00ZjgwLWI0OWMtOWFiMDFkYzk3YWE3&hl=en
https://docs.google.com/fileview?id=0B_qQVoTL5SsSNDc1MjM0YjctODM3YS00ZjgwLWI0OWMtOWFiMDFkYzk3YWE3&hl=en
Friday, September 4, 2009
$42M default judgment in investment scheme case
Federal judge issues $42 million default judgment in investment scheme case
By Dirk Lammers, Associated Press WriterOn Friday July 17, 2009, 8:16 am EDT
SIOUX FALLS, S.D. (AP) -- A federal judge in South Dakota issued a $42 million default judgment Thursday against a currency trader accused of bilking nearly 200 people in a Ponzi scheme.Jeff Lowrance did not show up for the brief afternoon hearing, and he has yet to respond in court to the March lawsuit after being served with court papers in Houston.Attorney information for Lowrance could not be obtained and he could not be located.Wanda Howey-Fox, the plaintiffs' attorney, told Judge Karen Schreier that she believes Lowrance left Texas for Panama.The 199 plaintiffs -- five of them from South Dakota -- accuse Lowrance and his New Zealand-based First Capital Savings & Loan of fraud, breach of contract and fraudulent mismanagement of offshore foreign currency exchange accounts.The suit claims Lowrance failed to make live market trades, transferred money from one client's account to another to keep up the appearance of earnings, and used proceeds for personal gain and other business ventures, including an alternative newspaper he started called USA Tomorrow.Howey-Fox said clients drained retirement and college accounts, mortgaged homes and sold businesses in hopes of earning 7 percent monthly returns."Clearly, he preyed upon people," she said.In an online survey geared to those looking to distribute USA Tomorrow, the publication entices potential distributors to also take advantage of the finance company opportunity."Now the big money," the survey said. "As one of our distributors, you can refer new clients to our International Finance Company that we own and operate."Howey-Fox said First Capital Savings & Loan clients were given online access to their accounts and cash was deposited and withdrawn through wire transfers. Clients were happy as long as the monthly returns kept coming, she said.But when the dividends stopped coming in mid-2008 and investors started to grow weary, a writer hired for USA Tomorrow began writing online accusing Lowrance of being a con artist. The complaints began to snowball.Howey-Fox said the finance company drew people into the investment opportunity through word of mouth, telephone and e-mail. Accounts were opened with anywhere from $10,000 to $750,000.Also listed as defendants are Mentor Investing Inc., Swiss Providence, Logos Publishing Group, Marketwise Trading, First Capital Savings & Loan Ltd. and Lowrance's alternative newspaper.Howey-Fox gave the court affidavits from some of the clients so Schreier could consider punitive damages. Schreier said she would issue a written ruling later.
http://www.classcreator.com/X-CA-Investment-Recovery-Group-2009
By Dirk Lammers, Associated Press WriterOn Friday July 17, 2009, 8:16 am EDT
SIOUX FALLS, S.D. (AP) -- A federal judge in South Dakota issued a $42 million default judgment Thursday against a currency trader accused of bilking nearly 200 people in a Ponzi scheme.Jeff Lowrance did not show up for the brief afternoon hearing, and he has yet to respond in court to the March lawsuit after being served with court papers in Houston.Attorney information for Lowrance could not be obtained and he could not be located.Wanda Howey-Fox, the plaintiffs' attorney, told Judge Karen Schreier that she believes Lowrance left Texas for Panama.The 199 plaintiffs -- five of them from South Dakota -- accuse Lowrance and his New Zealand-based First Capital Savings & Loan of fraud, breach of contract and fraudulent mismanagement of offshore foreign currency exchange accounts.The suit claims Lowrance failed to make live market trades, transferred money from one client's account to another to keep up the appearance of earnings, and used proceeds for personal gain and other business ventures, including an alternative newspaper he started called USA Tomorrow.Howey-Fox said clients drained retirement and college accounts, mortgaged homes and sold businesses in hopes of earning 7 percent monthly returns."Clearly, he preyed upon people," she said.In an online survey geared to those looking to distribute USA Tomorrow, the publication entices potential distributors to also take advantage of the finance company opportunity."Now the big money," the survey said. "As one of our distributors, you can refer new clients to our International Finance Company that we own and operate."Howey-Fox said First Capital Savings & Loan clients were given online access to their accounts and cash was deposited and withdrawn through wire transfers. Clients were happy as long as the monthly returns kept coming, she said.But when the dividends stopped coming in mid-2008 and investors started to grow weary, a writer hired for USA Tomorrow began writing online accusing Lowrance of being a con artist. The complaints began to snowball.Howey-Fox said the finance company drew people into the investment opportunity through word of mouth, telephone and e-mail. Accounts were opened with anywhere from $10,000 to $750,000.Also listed as defendants are Mentor Investing Inc., Swiss Providence, Logos Publishing Group, Marketwise Trading, First Capital Savings & Loan Ltd. and Lowrance's alternative newspaper.Howey-Fox gave the court affidavits from some of the clients so Schreier could consider punitive damages. Schreier said she would issue a written ruling later.
http://www.classcreator.com/X-CA-Investment-Recovery-Group-2009
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