Jun 9
2011

Karen P. Bowie of Dallas was indicted June 9 in Collin County for her alleged role in the fraud perpetrated by Titan Wealth Management LLC of Plano.

Titan Wealth principal Thomas Lester Irby II is serving a 24-year state prison sentence after being convicted of money laundering.

Irby's fraud involved the sale of fictitious high-yielding "European Mid-Term Notes," supposedly issued by European banks.

According to the indictment, Bowie unlawfully appropriated at least $4.7 million from investors in Titan Wealth.