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Dublin Financial Advisor Facing More Criminal Charges

justice.gov

A federal grand jury has indicted a local financial advisor on charges of structuring cash withdrawal transactions, and with mail and wire fraud.The U.S. Attorney's office says 39-year-old Jason Cox of Dublin structured cash withdrawals of 107 thousand dollars to avoid currency transaction reports between January and March of 2014.  In late 2012 through early 2013, prosecutors say Cox also allegedly used his position with a national financial services company to defraud an investor. Cox allegedly obtained funds for his own purposes while fraudulently saying the funds were an investment in a business and the investment had a guaranteed 10 percent rate of return. Cox allegedly convinced the investor to give him a 10 thousand dollar check for the “off the books” investment. Cox allegedly used the same fraudulent business scheme to obtain 10 thousand dollar via wire transfer from a second investor in March of 2013. Last month, Cox was charged with pocketing more than 160 thousand dollars from a fund set up for a client's developmentally-disabled daughter. The feds got involved after bank officials became suspicious about checks written to Cox from the client's account.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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