United States v. Lowrance

ORDER

For five years Jeffrey Lowrance ran a Ponzi scheme and convinced more than 400 investors to give him approximately $31 million to trade in foreign currencies. Most of the trades were fictional, and about half of the investors’ funds were not returned.

Lowrance pleaded guilty to one count each of wire fraud, 18 U.S.C. § 1343, and money laundering, id. § 1956(a)(2). He was sentenced to 170 months’ imprisonment and five years’ supervised release on each count, to run concurrently. Low-rance filed a notice of appeal, but his appointed lawyer asserts that the appeal is frivolous and moves to…