A preliminary hearing was postponed to June 20 for a former Navy SEAL accused of stealing more than $1.1 million from 11 active and retired SEALs and a family friend by getting them to invest in his money-lending business.
Jason Matthew Mullaney, 42, is facing 30 felony charges, including grand theft and securities violations.
Authorities allege that Mullaney used his SEAL status to get others to invest in Trident Financial Holdings and Acquisitions, then transferred the money into his personal bank accounts to enhance his lifestyle. The trident is a symbol used by SEALs.
In addition, Mullaney allegedly scammed $50,000 from a family friend, according to prosecutors.
If convicted of all counts, Mullaney faces up to 27 years in prison. He rejected a plea deal in March which would have resulted in a 6-year sentence.
– City News Service
