Filed Under:Annuities, Fixed Indexed

Michigan annuity producer sentenced

(AP photo/Wally Santana)
(AP photo/Wally Santana)

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.

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Nichole Morford

Nichole Morford
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