Former 5Linx proprietor Craig Jerabeck was arrested on fraud fees again in mid 2017.
Following a responsible plea entered six months in the past, Jerabeck was sentenced to 14 months in jail late this week.
Jerabeck pleaded responsible on Might 1st to conspiracy to commit wire fraud and submitting a false tax return.
As a part of his plea settlement, Jarabeck admitted that he, along with Guck and Tyler, personally, and by corporations they owned, obtained roughly $2,310,510 from a Florida vendor, with out the data of the 5LINX’s Traders, Board of Administrators, or different stockholders.
Jerabeck additional admitted that he, Guck, and Tyler have been every prohibited from receiving such cash by their Stockholders Agreements.
5LINX, its buyers, as house owners between 2006 and January 2014, and as collectors thereafter, and stockholders, have been entitled to and will have obtained the funds as a substitute of Jerabeck, Guck, and Tyler.
As well as, Jerabeck offered false info on his private tax returns for the years 2011 by 2013, and 2015.
The defendant didn’t report earnings he obtained from 5LINX, and took deductions to which he was not entitled, that’s, commissions that weren’t paid.
The false returns resulted in a tax loss to the Inside Income Service of roughly $118,628.
Along with jail time, Jerabeck’s plea settlement additionally noticed him give up an actual property property in Middlesex, New York.
At his sentencing Jerabeck was additional ordered to ‘pay $2,310,510 in restitution to victims and $118,628.00 to the Inside Income Service‘.
Jerabeck’s co-conspirators, Jeb Tyler and Jason Guck, have additionally been convicted.
They’re scheduled to be sentenced on December twelfth and December nineteenth respectively.