the republic logo

Former US Navy SEAL sentenced in San Diego for $1 million investment fraud

bug
Share/Save/Bookmark

SAN DIEGO — A former U.S. Navy SEAL has been sentenced in San Diego for bilking people out of more than $1 million in an investment fraud scheme.

Jason Mullaney got six years and eight months in state prison Wednesday for fraud, grand theft and other crimes.

Prosecutors contend the 44-year-old Mullaney cheated at least 13 people — many of them former Navy SEALs — by convincing them he was using their investment money to make loans.

Prosecutors say he actually spent it on a lavish lifestyle that included luxury cars and a Las Vegas gambling habit.

Mullaney was homeless when he was arrested in 2012 but he's been ordered to pay victims nearly $1.2 million in restitution.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.