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Chairman of Yosemite Motor Speedway Convicted of Fraud in New Mexico

MADERA - Investors were shocked to learn of the criminal past of head of the Yosemite Motor Speedway. Madera Online has uncovered forty-five pages of documents that show that the chairman of the racetrack's board of directors faced seventeen counts of fraud, two counts of racketeering and two attempted 3rd degree felonies in New Mexico less than ten years ago.

After a mistrial and a hung jury, Jerry Lowrie agreed to a plea-bargain deal in which he plead guilty to two counts of fraud. Both counts came with an 18-month prison sentence which was to be served consecutively and one year of state parole. Lowrie's' prison sentence was suspended in favor of 36-months of unsupervised parole and restitution of $10,000. He was credited for time served in pretrial confinement.


Chairman of Yosemite Motor Speedway Convicted of Fraud in New Mexico

MADERA - Investors were shocked to learn of the criminal past of head of the Yosemite Motor Speedway. Madera Online has uncovered forty-five pages of documents that show that the chairman of the racetrack's board of directors faced seventeen counts of fraud, two counts of racketeering and two attempted 3rd degree felonies in New Mexico less than ten years ago.

After a mistrial and a hung jury, Jerry Lowrie agreed to a plea-bargain deal in which he plead guilty to two counts of fraud. Both counts came with an 18-month prison sentence which was to be served consecutively and one year of state parole.

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