Richard August Lowrance, Sr

Dec 1

Richard August Lowrance, Sr. of Portland, Texas, was indicted on December 1, 2005 in the 319th Judicial District Court in Nueces County, Texas, Cause No. 05-CR-4142-G, for violations of the registration requirements of the Texas Securities Act. Lowrance was a sales agent for Premium Income Corp., a Seattle-based company that offered purported investments in the foreign currency markets primarily to senior citizens. The scheme collected approximately $12 million from investors.