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Counterfeit Currency Sting in Iowa Lands Former Police Officer in Hot Water
A shocking case of counterfeit currency has come to light in Iowa, with a former police officer and disbarred attorney taking the fall for selling fake dough.
Brian Loren Stowe, a 43-year-old resident of Waverly, Iowa, pleaded guilty to dealing in counterfeit currency in federal court in Cedar Rapids.
According to the plea agreement, Stowe, who was disbarred in 2013 after being convicted of felony forgery charges and receiving a deferred judgment for possession of methamphetamine, sold $900 in counterfeit currency to an undercover law enforcement agent for $250 in real currency in February 2023.
The case is being prosecuted by Assistant United States Attorney Timothy Vavricek and was investigated by the United States Secret Service, the Iowa Department of Public Safety, Divisions of Narcotics Enforcement and Criminal Investigation, the Waterloo Police Department, the Palo Alto County Sheriff’s Office, and the United States Department of State, Diplomatic Security Service.
Stowe faces a possible maximum sentence of 20 years’ imprisonment, a $250,000 fine, a $100 in special assessment, and 3 years of supervised release following any term of imprisonment.
Sentencing before United States District Court Chief Judge Linda R. Reade will be set after a presentence report is prepared. Stowe remains free on conditions of release set by the court pending sentencing.
Key Facts
- State: Iowa
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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