Former Navy SEAL Convicted of Fraud

FORMER SEAL WHO STOLE OVER $1M FROM OTHERS SENTENCED
San Diego 6 News
By SD6 Jenny Day, Heidi Kwon and CNS
Story Published: May 6, 2015

"You tarnished the good SEAL name," the judge told the defendant. "You screwed up. You have to take your lumps for it. The damage here is immeasurable."

SAN DIEGO - A former U.S. Navy SEAL was convicted of fraud, grand theft and tax evasion all totaling nearly $1.2 million. He stole from a dozen investors in a failed business endeavor, including 11 active and retired SEALs, and was sentenced Wednesday to six years and eight months in state prison.

Jason Matthew Mullaney, 43, pleaded guilty last September and agreed to make full restitution of more than $1 million.

Mullaney, who served in the Navy for 13 years, was successful in the mortgage business before starting a money-lending business which ultimately failed, said defense attorney Patrick Dudley.

Mullaney apologized to everyone who trusted him with their investments and in some cases their life savings. He promised to repay all victims.
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