SALT LAKE CITY (AP) – A Utah businessman who collected antique cars has been indicted on charges of defrauding investors of more than $18 million in an alleged Ponzi scheme.

U.S. Attorney Brett Tolman unsealed an indictment on Tuesday for Jeffrey Lane Mowen, 47, formerly of Lindon, Utah.

Federal authorities say Mowen’s last known country of residence was Panama, where telephone directories have no record of him.

Authorities have seized more than 200 antique, classic and modern vehicles they say Mowen bought with investor money and stored in various places in Utah.

The cars include a 1939 Jaguar, a Model T from 1918 and a 1903 Oldsmobile Horseless Carriage.

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Information from: The Salt Lake Tribune, http://www.sltrib.com

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AP-WS-04-22-09 1501EDT