Adam Jonathan Lowe, Wire Fraud, Florida 2025

A multi-million dollar diamond investment scheme has been brought to an end with the sentencing of two key players. Adam Jonathan Lowe, 43, of West Pittston, Pennsylvania, was sentenced to over 6 years in federal prison by the Honorable David Leibowitz for his conviction in a multi-million dollar diamond investment scheme.

Lowe, the president of The Diamond Desk Corp. and manager of PetersenLowe, LLC, was convicted of conspiracy to commit wire fraud in violation of Title 18, United States Code, Section 1349, wire fraud in violation of Title 18, United States Code, Section 1343, mail fraud in violation of Title 18, United States Code, Section 1341, and engaging in monetary transactions in criminally derived proceeds, in violation of Title 18, United States Code, Section 1957. Upon release from custody, Lowe must serve three years of supervised release and pay restitution to the victims of his offense.

Co-defendant Murray Todd Petersen, 73, of Fair Oaks, California, was previously sentenced to 9 years in federal prison by the Honorable James I. Cohn for his conviction after a seven-day jury trial in Fort Lauderdale, Florida for conspiracy to commit wire fraud in violation of Title 18, United States Code, Section 1349 and wire fraud in violation of Title 18, United States Code, Section 1343. Upon release from custody, Petersen must serve three years of supervised release and pay restitution to the victims of his offense.

The scheme, which netted approximately $13 million and defrauded in excess of 100 victims, involved the sale of fancy-colored diamonds sourced worldwide. Lowe and Petersen used materially false and fraudulent representations to induce investors to purchase the diamonds, including false appraisals and promises of guaranteed returns.

Co-defendant Scott Schafer, 62, of Pembroke Pines, Florida, was sentenced to five years probation for his conviction for conspiracy to commit wire fraud in violation of Title 18, United States Code, Section 1349. Schafer, who worked as a salesman for PetersenLowe, LLC, was involved in the scheme and took approximately $850,000 in sales commissions from his victims.

The U.S. Attorney’s Office for the Southern District of Florida and the FBI Miami Field Office announced the conviction. The FBI Miami investigated the case, with Assistant U.S. Attorneys Marc Anton and Latoya Brown prosecuting the case. Assistant U.S. Attorney Marx Calderon is handling asset forfeiture.

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