Jan 13

On January 13, 2004, Woody Keith Lowe pleaded Nolo Contendere to two 16-count indictments, charging Lowe with the sale of unregistered securities (Cause No. 44,99-C) and the sale of securities by an unregistered securities dealer or agent (Cause No. 44,992-C) in the 251st District Court of Potter County, Texas. The Court deferred adjudication and placed the defendant on community supervision for a period of 5 years, ordered a $2,500 fine and restitution in the amount of $73,530.43. The charges against Lowe resulted from his involvement in the sale of Taormina OMNE SRL promissory notes. Lowe was ordered to pay $20,000 in restitution to investors at the time of his plea, and a yearly minimum sum of $10,000, payable on or before the plea anniversary date each year until restitution in the amount of $73,530.43 has been paid in full.