On October 15, 2015 the Securities and Exchange Commission issued an Order instituting administrative proceedings pursuant to section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisors Act of 1940 against Jason Muskey.
The complaint against Jason Muskey arises from his guilty plea to mail fraud, money laundering, and identity theft before the United States District Court for the Middle District of Pennsylvania, in United States v. Jason Muskey, Criminal Action No. 3-CR-15-18.
From June 2006 through June 2014 Jason Muskey was a registered representative with Ameritas Investment Corporation in Moosic, PA and also owned and operated Muskey Financial Services.
The counts of the criminal information to which Jason Muskey pled guilty alleged that from approximately January 2007 through May 2014, Muskey conducted a Ponzi scheme that defrauded 26 clients out of approximately $2 million. The complaint alleged that Muskey knowingly devised a fraudulent scheme whereby he obtained funds from clients by means of materially false and fraudulent representations and promises by telling clients that he would invest their funds as they instructed, but instead misappropriated the funds for his own use, or to repay other clients whom he had defrauded.
In furtherance of the scheme Muskey forged clients’ signatures on withdrawal forms or had clients sign withdrawal forms under false pretenses. In addition, Muskey provided clients with false quarterly account statements that misrepresented the value of the clients’ investments.
According to FINRA’s CRD disclosure report, Jason Muskey has been the subject of 13 customer complaints and two regulatory investigations.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery and our securities attorneys have successfully resolved over 1000 investment loss cases over the past 20 years. Recoveries for clients top $40 million. The types of claims we have successfully handled include those involving unsuitable investments (suitability claims), excessive trading or “churning”, misrepresentations and omissions, unauthorized trading, over-concentration of illiquid or overly risky investments, pump and dump scams involving “penny stocks”, direct participation programs (private placements) involving real estate investment trusts (REITS), oil and gas exploration programs, leasing equipment deals and receivable financing, promissory notes whether sold through a broker dealer or as part of the outside business activities of a registered representative, ponzi scheme losses, failure on the part of the broker dealer to perform due diligence, state securities law (blue sky) violations and failure to supervise.
If you have suffered investment losses please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation