Securities Atty Gets 22 Years For $20M Scheme

Law360, New York (October 7, 2010, 12:43 PM EDT) -- A federal judge has sentenced Florida securities attorney Delmer C. Gowing III to 22 years in prison for his alleged role in a former client's fraudulent advance-fee scheme that duped investors out of more than $20 million.

Judge George B. Daniels of the U.S. District Court for the Southern District of New York imposed the sentence on Gowing Wednesday, calling the scheme “nothing short of diabolical.”

In addition to the 22-year prison term, Judge Daniels ordered Gowing to pay restitution and ordered forfeiture in the amount...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.