Fraud case charges escalate into attempted murder
This is an archived article that was published on sltrib.com in 2009, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

A Lindon man indicted earlier this year on federal fraud charges connected to his investment programs is now also accused of trying to get a jail inmate to arrange the murder of four witnesses scheduled to testify at his trial.

Jeffrey Lane Mowen, 47, was indicted Wednesday with solicitation to commit a crime of violence, tampering with a witness and retaliating against a witness, according to a press statement released by U.S. Attorney Brett Tolman.

The indictment alleges Mowen tried to get a fellow Davis County jail inmate "to engage in conduct pertaining to the attempted murder" of the witnesses to keep them from testifying at his federal trial.

A federal indictment, issued in February and unsealed in April, charged Mowen with three counts of wire fraud. His investors allegedly lost about $10 million.

Prosecutors say Mowen was promising returns as high as 33 percent a month to investors in his foreign currency trading and real-estate programs. He allegedly ran a Ponzi scheme -- in which investors are paid returns with money from more recent investors -- and used some of the money to buy automobiles and for personal expenses, including dining and traveling.

The Securities and Exchange Commission has also filed a civil lawsuit accusing Mowen of misappropriating more than $8 million in investor money to buy luxury cars and to support his lifestyle.

Mowen is awaiting trial on the wire fraud charges, which carry a maximum penalty of 20 years in prison and a $250,000 fine.

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