Grimy Times Exclusive: JAY DEAN LOW, 57, a convicted felon from Plymouth, Minnesota, was sentenced to 72 months in prison for wire fraud. According to court documents, LOW devised and executed an investment scheme to defraud Victim A of her life savings of approximately $266,000.
LOW’s scheme, which lasted from September 2014 to April 2016, involved making false representations about an investment opportunity to Victim A. He then created authentic-looking documents to give his sham investment the appearance of legitimacy. Instead of investing as promised, LOW misappropriated all of Victim A’s investment funds for his own personal use and benefit.
The funds were used to purchase a BMW, tuition payment for a family member, a $10,000 hot tub, jewelry, and other personal expenses. LOW committed this fraud scheme while he was on pretrial release after being charged in 2015 in a separate, unrelated $400,000 embezzlement case.
The case was the result of an investigation conducted by the FBI and the United States Postal Inspection Service. Assistant U.S. Attorney Matthew S. Ebert prosecuted the case.
JAY DEAN LOW was convicted of one count of wire fraud and sentenced to 72 months in prison, three years of supervised release, and ordered to pay $266,737 in restitution.
LOW’s sentence is a harsh reminder that fraudsters will be held accountable for their crimes. The Grimy Times will continue to hold those in power accountable for their actions.
For more information, contact the United States Attorney’s Office, District of Minnesota at (612) 664-5600.
Related Federal Cases
- Jeremy J. Fishnick, Wire Fraud, Cedar Rapids IA, 2023 · Washington
- Seng Xiong, Elder Fraud Scheme, Minnesota 2024 · New Mexico
- Jill M. Evans, Wire Fraud and Money Laundering, CO 2024 · Washington
- Julius Lee Boston, Tax Return Fraud, Minnesota 2012 · Minnesota
- Dean J. Kostelecky, Mail Fraud and Money Laundering, N.D. 2017 · Washington
Key Facts
- State: Minnesota
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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