Jackson County Man Charged with Defrauding Investors in $50 Million Ponzi Scheme
COLUMBUS, Ohio – A Jackson, Ohio man has agreed to plead guilty in U.S. District Court to orchestrating a $50 million dollar Ponzi scheme that defrauded at least 46 investors.
Jason E. Adkins, 40, was arraigned in federal court today in Columbus.
Benjamin C. Glassman, United States Attorney for the Southern District of Ohio, William Cheung, Acting Special Agent in Charge, Internal Revenue Service (IRS) Criminal Investigation and Todd Wickerham, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division, announced the case.
According to the plea agreement, beginning in 2012 and continuing through 2018, Adkins conspired to solicit millions of dollars from investors under false pretenses, failed to invest the funds as promised and misappropriated investors’ funds for his own benefit and the benefit of others.
Read more: https://www.justice.gov/usao-sdoh/pr/jackson-county-man-charged-defrauding-investors-50-million-ponzi-scheme