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Sheridan businessman gets 8-year term for fraud

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A judge has sentenced an Indiana man to more than eight years in federal prison for defrauding investors and an Iowa business in two separate schemes.

U.S. District Judge Mark Bennett issued the 97-month prison term to Lowell Hancher of Hamilton County on Wednesday afternoon. Hancher is set to surrender at a later date.

The Sheridan businessman pleaded guilty to one count of wire fraud and one count of securities fraud. He admitted that he abused his position as board chairman for Spencer, Iowa-based Cycle Country Accessories to obtain money for a stock buyback program that he ended up using for personal expenses.

He also defrauded investors in a Colorado contracting firm who thought their money was going to a public stock offering.

Bennett ordered Hancher to pay $3.1 million in restitution.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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