Trial delayed for Mowen in Ponzi scheme case

Trial delayed for Mowen in Ponzi scheme case


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SALT LAKE CITY (AP) -- A federal trial has been postponed for a Utah money manager accused of running a multi-million-dollar Ponzi scheme.

Jeffrey Mowen
Jeffrey Mowen

Jeffrey Mowen's lawyers say in court filings they're trying to negotiate a plea deal.

Mowen is from Lindon. He was scheduled to go to trial Monday in Salt Lake City, but the date was pushed back to April 11.

He was arrested in April in Panama, and remains jailed in Utah on wire fraud charges.

He's accused of defrauding investors while accumulating a collection of more than 200 cars and motorcycles that were auctioned off by federal authorities.

He's also accused by prosecutors of trying to arrange the killing of four government witnesses by dictating instructions from jail phones in Morse code.

Mowen has pleaded not guilty to all charges.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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