Previously Convicted Hamilton Man Repeats Similar Investment Fraud of Nearly $2 Million
Previously Convicted Hamilton Man Repeats Similar Investment Fraud of Nearly $2 Million
Hamilton, MT – Dan Two Feathers, 56, a resident of Hamilton, pleaded guilty to charges of investment fraud, money laundering, conspiracy to commit investment fraud and using stolen 
property in interstate commerce, in federal court in Missoula.
Two Feathers and two other men stand accused of causing a loss of about $800,000 to 11 investors in 2008, according to prosecutors. Two Feathers would lure investors with promises that he could make substantial profits by buying securities at discount rates and then selling them in the open market, said prosecutors.
He also convinced investors that he could obtain loans for them which normally would not be eligible for bank approval. These investors paid him advance fees to obtain these loans, according to the prosecution.
In another scam during August and September 2008, four victims invested $1.1 million with Two Feathers, which he tried to remit unsuccessfully to Swiss bank accounts controlled by him, say prosecutors. Of this amount, $850,000 was frozen in time by the investment firm that held the money.
Two Feathers has been previously convicted for investment fraud in 1999. Known at the time as Dan Lantham, he was ordered by court to pay a restitution amount of $5.1 million for the fraud, and sentenced to imprisonment of nearly 3 1/2 years. Operating then under the alias Dan Two Feathers, he has since adopted it as his legal name.
