William Lowder, a northern
insurance broker, pleaded guilty to
fraud. After manipulating clients to change their investments and encouraging
them to put money in annuities handled by his Michigan office, Lowder cost his clients
more than $1 million over an eight-year period. Traverse City
Only a week after charges were filed, 57-year-old Lowder pleaded guilty in
federal court. Lowder also pleaded guilty to a tax crime. Earlier last year,
state regulators suspended his license. While he took advantage of many
clients, the state regulators say he also took advantage of at least one client
who was mentally incompetent. Grand Rapids
He has been given a court-appointed attorney and will receive his sentence on May 29.
If you have questions about criminal matters, fraud or other legal issues, please contact Mark Mandell or Tariq Hafeez at 248.380.0000 or online at www.MichiganFraudLawyer.com.
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