Leader of International Multi-Million Dollar Fraud Scheme Sentenced to More Than 24 Years

[nitpicker]

https://www.justice.gov/usao-az/pr/leader-international-multi-million-dollar-fraud-scheme-sentenced-more-24-years-federal

Department of Justice
U.S. Attorney’s Office
District of Arizona

FOR IMMEDIATE RELEASE
Tuesday, December 19, 2017

Leader of International Multi-Million Dollar Fraud Scheme Sentenced to More Than 24 Years in Federal Prison

PHOENIX – Yesterday, Jason Todd Mogler, 49, formerly of Phoenix, Ariz., was sentenced by U.S. District Judge Steven P. Logan to 24 years and 4 months in prison. Mogler had previously pleaded guilty to charges of conspiracy, wire fraud, and money laundering stemming from his role as one of the leaders in an $18 million investment fraud affecting 225 victims.
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From 2006 to 2012, Mogler and several others solicited millions of dollars from victims for purported investment in a variety of projects and companies, including land development in Mexico, recycling companies in Las Vegas and Chicago, and distressed real estate ventures in Phoenix. Mogler and his co-conspirators promoted their fraudulent investment schemes in legitimate-appearing seminars, magazine articles, and radio broadcasts, and they issued private offering documents that gave the fraudulent investments the appearance of legitimacy.

In reality, the solicitations and offering documents were riddled with false statements about the education and experience of Mogler and his co-conspirators, the ownership of property to be used in the projects and to serve as collateral, the feasibility of the projects and guaranteed returns, and other important matters. Ultimately, Mogler and his co-conspirators used the investor funds not only to line their own pockets, but also to make Ponzi payments to certain investors and to create the façade of a legitimate business. Mogler was also ordered to pay restitution to the victims for losses they incurred.
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