Jason Mininger — Alleged Investment Scheme & Money Laundering

Jason E. Mininger Allegedly Operated an Investment Scheme Wherein He Purportedly Misrepresented to Clients that He Needed to Use their Previously Invested Funds as Part of a New Portfolio of Investments

Jason Mininger, of Folsom, California, from January 2014 to May 2017, allegedly misled clients to understand that he needed to use their previously invested funds as part of a new series of investments that he would make or manage, according to Reports from the U.S. Attorney’s Office (Eastern District of California) currently under review by attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating Jason Mininger’s alleged investment scheme.

Investors who believe they may have lost money in activity related to Jason Mininger’s alleged investment scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Jason Mininger, 50, also allegedly created false investment account statements to purportedly concealed his embezzlement of his clients’ funds, according to the aforementioned Reports.

Jason Mininger Allegedly Deposited Funds into His Own Bank Account and Used Investors’ Cash for Personal Expenses; Mininger’s Clients Allegedly Lost $870,000

Jason Mininger allegedly made deposits of client funds into his own bank account and then purportedly used the investors’ money for his personal expenses, according to the aforementioned Reports from the U.S. Attorney’s Office (Eastern District of California) currently under review by attorney Alan Rosca.

Said action allegedly resulted in $870,000 in losses to Mininger’s clients, the Reports note.

Mininger now is facing a maximum statutory penalty of 20 years in prison on his alleged wire fraud count and 10 years in prison on the alleged money laundering charge, the Reports note.

Mininger also reportedly faces a fine or $250,000 or twice the gross loss or gross gain, the Report states.

The actual sentence, the Reports note, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

Finally, Mininger’s case was the result of an investigation by the FBI and IRS-Criminal Investigations, and Assistant United States Attorney Todd A. Pickles is prosecuting the case, the Reports state.

Securities Lawyers Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Jason Mininger’s alleged investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

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

DISCLAIMER

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 matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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