A former Navy SEAL that stole more than $1 million from 11 fellow SEALs and a family friend in an investment scam has been sentenced to six years and eight months in prison.
San Diego County Superior Court Judge J. Frederick Maguire sentenced Jason Mullaney to six years and eight months in prison. Mullaney, 43, had pleaded guilty to grand theft and related charges.
“You tarnished the good SEAL name,” Maguire said
The charges involve Mullaney’s former company, Trident Financial Holding Acquisition. Prosecutors said Mullaney promised investors returns of 24% from real estate and loan deals, but instead used the money for a lavish lifestyle, including gambling trips to Las Vegas.
Mullaney apologized for his actions and promised to repay the investors.