For Immediate Release: Ash Brokerage

May 31, 2013It was recently reported that independent insurance agent William Edward Lowder, of Williamsburg, Mich., was sentenced to 60 months in prison for defrauding clients of more than $1 million of their savings as part of a wire fraud scheme. News outlets reported that Lowder operated an office for Ash Brokerage. This information is false; although Lowder, as an independent insurance agent, had access to products offered through Ash Brokerage, he never operated an office for Ash Brokerage and he was never an Ash Brokerage employee. Ash Brokerage is working with the FBI and U.S.