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Investigations

Jason Mininger— Alleged Money Laundering & Investment Fraud Scheme

investment fraudJason E. Mininger Allegedly Orchestrated an Investment Fraud Scheme Costing Clients Losses Exceeding $917K; Mininger also Accused of Alleged Money Laundering

Jason Mininger allegedly orchestrated an investment fraud scheme, according to a news release issued by the U.S. Attorney’s Office for the Eastern District of California under review by investor rights attorney Alan Rosca.

Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Jason Mininger’s alleged investment fraud scheme. Investors who believe they may have lost money in activity related to Jason Mininger are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Jason Mininger, a 50-year-old Folsom investment broker and adviser, also allegedly laundered money, the release notes. Mininger has subsequently pleaded guilty to alleged wire fraud and money laundering, and was recently sentenced for allegedly lying to his clients and embezzling their funds for more than three years, the release notes.

Jason Mininger Allegedly Deposited Client Funds into His Own Personal Bank Account & then Used the Investor Monies for Personal Expenses

Jason Mininger, between January 2014 and May 2017, allegedly created false account statements and used a phony corporation to hide his embezzlement, and thus allegedly caused his clients to lose at least $917,714, according to the aforementioned release.

Mininger, in reality, allegedly put funds into his own bank account and then used the investors’ money for his personal expenses, the news release said. Said transaction allegedly resulted in at least $917 K in losses to his clients, the release states. Mininger also allegedly created false investment account statements to hide his embezzlement of client funds, the release notes.

Mininger has reportedly entered a plea in February, will serve 46 months in prison, and has been ordered to pay $917,714 in restitution to his reported fraud victims, the release notes. Mininger is set to be sentenced May 31 by U.S. District Judge Troy L. Nunley, according to reports.

The case resulted from an investigation by the FBI and Internal Revenue Service-Criminal Investigation, the release states.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Jason Mininger’s alleged investment fraud scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Jason Mininger’s alleged investment fraud scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.

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