Wash. man pleads guilty to defrauding ID investors
Recent Cases
A Washington man has pleaded guilty in federal court in Idaho to cheating investors out of more than $2 million and using the cash for his own benefit.
Federal prosecutors say 59-year-old Dale Edward Lowell, of Colbert, Wash., pleaded guilty to one count of wire fraud Tuesday.
Investigators say Lowell, while living in northern Idaho in 2005, started raised money from investors by telling him he was a savvy options trader. He also told investors he had taken steps to cover losses.
Altogether, prosecutors say Lowell duped 22 investor groups and raised about $2.2 million that he ultimately lost in the market, used for personal expenses or to pay off investors to keep the scheme going.
Related listings
-
No class-action for suits over Calif. fish kill
Recent Cases 08/09/2011An appeals court has rejected class-action status for a lawsuit prompted by efforts to kill off an invasive fish in Northern California. The Sacramento Bee says the 3rd District Court of Appeal ruled last week that people suing the state had too litt...
-
Bank of America starts overdraft rebate outreach
Recent Cases 08/08/2011If you had a Bank of America account with a debit card between January 2001 and May of this year, you may be due some cash. The nation's largest bank has started contacting customers who may be entitled to a refund. It recently reached a class-action...
-
NYC lawyer pleads guilty to tax charge
Recent Cases 08/05/2011A lawyer has pleaded guilty to not paying taxes on nearly $11 million in income while working at a major Wall Street law firm. John O'Brien entered the plea Thursday in federal court in Manhattan. The government had accused the 48-year-old O'Brien of...
Processing Change for Certain Form I-730 Petitions
USCIS changed the processing location for certain Form I-730, Refugee/Asylee Relative Petition, filings. Previously the Service Center Operations Directorate processed these filings. Now, the International Adjudications Support Branch (IASB) in the Refugee, Asylum, and International Operations Directorate will process the petitions filed by individuals who were admitted to the United States as refugees. Petitioners and/or accredited representatives who file refugee-based Form I-730 petitions will receive further instructions when IASB receives their filings. Form I-730 petitions filed by persons granted asylum will not be affected by this change. The mailing instructions for Form I-730 remain the same. Petitioners should continue to follow the Where to File directions on the Form I-730 page. This policy update is consistent with the Department of Labor’s (DOL’s) Standard Occupational Classification system. DOL defines economists as people who conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. Economists may collect and process economic and statistical data using sampling techniques and econometric methods.