The Investor’s Watchdog

The Investor's Watchdog

Jason Adkins Pleads Guilty to Operating a $50 Million Ponzi Scheme

Monday, May 13, 2019

Beginning in 2012 and continuing through 2018, Jason Adkins of Jackson, Ohio defrauded investors by operating a $50 million Ponzi Scheme. He recently plead guilty in the U.S. District Court. Adkins claimed that he bought and sold over-sized tires used on earth moving equipment and mining equipment. Investors were told that their investment would buy tires at a steep discount and would be resold later at a higher rate. Investors were promised returns of up to 20%. According to the plea agreement, however, Adkins solicited millions of dollars from investors through false pretenses, and misappropriated investor funds for his own benefit, including by purchasing properties, buying cars and taking luxurious vacations. Adkins plead guilty to wire fraud, money laundering, and tax evasion.

If you invested and lost money in Jason Adkin’s alleged scheme, our firm can review your situation at no cost or obligation to you. Oftentimes, if the investment involved a broker, financial adviser, attorney, insurance agent or CPA, recovery may be available. Since 1998, the experienced attorneys at ChapmanAlbin LLC have been fighting for victims of investment fraud. Call us today at 1-877-410-8172 for a free consultation.  You will speak directly to an attorney who will fight for you.

Author: Philip Vujanov

Philip Vujanov is an associate attorney at ChapmanAlbin. He represents investors nationwide before the Financial Industry Regulatory Authority in arbitration and is an active member of the Public Investors Arbitration Bar Association.

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