Jason Mullaney, was a Navy Seal who was not taught the code of brotherhood and respect that most acquire while serving with the military.
The former Navy Seal, who was part of SEAL Team Five up until 2003, persuaded 11 of his military company and one civilian to invest in his company. Between the 12 investors he was able to collect 1.2 million dollars for his company, Trident Global Financial Holdings.
Mullaney named his “company” after a seal of the Navy Seals. The company was promised to award loans to small business and for those who suffer from high interest rates and who face credit challenges. Those who contributed would receive their invested money back along with 24 percent profit.
While his companions believed that Mullaney was using the money to build up his company, he was really stealing their money, so he could continue a luxuries lifestyle that included constant gambling, a new Mercedes Benz, and a new home.
When the investors went to collect their money Mullaney had disappeared. Mullaney is now facing up to 12 years in prison for his fraudulent behavior.
Several of the former Seals weighed in on their emotions toward their former teammate. Alexander Sonnenberg, who lost $160,000, stated, “The worst part of my experience with Jason Mullaney is the reprehensible way he calculatingly misrepresented himself to solicit former teammates that he knew would trust him as a brother…” He then angrily went on and expressed his emotions even further stating, “Jason, I wish you the worst and hope that you rot in Hell for what you did to all of us – you are the most repugnant scum on Earth.”
Kevin Blackwell, who lost $10,000, said “[Jason] made fools of all of us and, in the end, only looked out for his own interests. He didn’t care about my daughter’s college fund or anyone else, their financial futures, impacts on their families, or their livelihood,” saying that he only cared about himself and his own personal gains.
Mullaney was charged with 35 counts that included grand theft, securities fraud and tax fraud. He pleaded guilty to three charges of grand theft, and one charge of securities fraud and tax fraud.
Photo Credit: 10News ABC
Have a tip we should know? email@example.com