Ex-Navy SEAL Accused of Scamming Other SEALS

Ex-Navy SEAL faces up to 12 years for scheme that ensnared brothers in arms
FoxNews.com
By Malia Zimmerman
Published February 02, 2015

A Navy SEAL who admitted he shattered the elite special force's code of brotherhood by stealing from his brethren to finance his luxurious lifestyle and gambling faces up to 12 years in prison, not to mention the scorn of men who served with him but now consider him “the most repugnant scum on Earth.”

Jason Mullaney, part of SEAL Team Five until 2003, convinced 11 SEAL team members and one civilian to invest a collective $1.2 million into his company, Trident Global Financial Holdings.

Named after the Trident SEAL symbol, Mullaney said his company would award loans to credit-challenged small businesses and individuals for high interest rates, secured with assets that covered the principal and profit. Investors would receive back their investment plus a 24 percent profit within a year, Mullaney pledged.

Former Navy SEAL Jason Mullaney tried to change his plea, but a judge would not allow him to.
(Courtesy: 10News ABC)

“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.”
- Former Navy SEAL Alexander Sonnenberg

Instead, Mullaney ran a pyramid scheme, and, rather than repay investors, he spent their money on a new Mercedes Benz, an extravagant home and on gambling in Las Vegas, according to prosecutors. And even though Mullaney pleaded guilty to four charges on Sept. 8, 2014, including three counts of grand theft and one count of securities fraud, he has shown no remorse, and even tried to revoke his plea, a maneuver that was nixed by the judge last month.

The SEALs had no idea they were cheated until some tried to collect on their investment. Mullaney, they reported to the FBI and San Diego District Attorney on April 27, 2011, had vanished with their money.
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