Former Navy Seal Sentenced for Investment Fraud Scheme: Spent Money Gambling

Written by :

Associated Press

Published on :

6 May, 2015

SAN DIEGO — (Associated Press) - 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.

Crime

Gambling News

Rapper Chocolate MC, Las Vegas Casino Sued Over Alleged Rape of Teen

Chocolate MC is already incarcerated separately regarding an attempted murder-for-hire plot in Florida.

South Florida Casino Carjacking Suspect Captured One Month Later

Julio Salermo, 33, was charged with robbery/carjacking on Tuesday, one month after the incident occurred at the Miccosukee Casino & Resort outside of Miami.

Game Fixer, Jalen Smith Sentenced to Six Year Prison Term

(AP) PHILADELPHIA -- The man called the "fixer" of a scheme to rig college basketball games will spend six years in federal prison.

Las Vegas Casino Flamingo Theft Trial Kicks Off With Witness Testimony

The trial for a Canadian tourist accused of stealing and torturing a flamingo from a casino pool began on Wednesday with a security guard on his smoke break during a graveyard shift testifying about a voice crackled over the radio, “someone took a flamingo.”