Michigan annuity producer sentenced
May 30, 2013 by Michael K. Stanley
A Williamsburg, Mich., insurance agent was sentenced to serve 60 months in prison for defrauding elderly clients.
William Edward Lowder, 57, who operated Lowder Insurance, was sentenced yesterday by U.S. District Judge Robert Holmes Bell. The judge included a 36-month concurrent sentence on a separate charge of filing a false tax return in 2008.
Lowder was ordered to pay $1,567,908 in restitution and complete 300 hours of community service once he completes his sentence. Click here to read…