Sunday, June 14, 2009

Utah man arrested in Panama for wire fraud

Panama is a great place where to start a company, but not very good for seking refuge from the FBI... His lawyer did not advise him of the 1991 Panama-U.S. Mutual Legal Assistance Treaty The new Immigration Law makes the existence of arrest warrants abroad a just cause for revokation of tourist or residency visas, which results in deportation.

Video Courtesy of


Man wanted for wire fraud arrested in Panama
April 24th, 2009 @ 5:16pm
SALT LAKE CITY -- The salt lake office of the FBI announced Friday afternoon the arrest of a Lindon man accused of running a Ponzi scheme that cost investors millions of dollars.
The FBI and the U.S. Attorney's Office issued an indictment against 47-year-old Jeffrey Mowen on April 21.
Friday morning, they had their man. Mowen was arrested in Panama.
Among other things, Mowen is charged with defrauding as many as 200 investors out of $18 million.

The indictment cited one case where Mowen allegedly promised one investor a 33 percent return each month on a $100,000 investment.

The FBI says Mowen was tracked down after receiving tips from U.S. citizens living in Panama who had heard about the indictment earlier this week.

Tim Fuhrman, FBI Special Agent in Charge says tip led to Mowen's arrest.
Tim Fuhrman, FBI Special Agent in Charge, said, "Again, this proves that we can be as technologically savvy as anybody, but the people who called in the tips are what enabled us to get on him and affect this apprehension, and I can't thank the Panamanian authorities enough."

Full text in

Telemetro reports on the Panama arrest
Note on Mowen 2006 Utah securities case
Read also Debunking the myth of extraditions from Panama

No comments: