United States v. Dowlin

TYMKOVICH, Circuit Judge.

A Wyoming jury convicted Walter G. Naylor and Sandee D. Dowlin on numerous federal fraud charges. From the mid-1990’s to 2002, the defendants promoted investments in which investors were promised enormous returns (in excess of 6,500%) over a short period of. time (90 days) in exchange for relatively small investments.

Specifically, the jury convicted both Naylor and Dowlin of conspiracy to transport in interstate commerce money and securities taken by fraud, wire fraud, securities fraud, and mail fraud, in violation of 18 U.S.C. § 371; securities fraud and aiding and…