Former Navy SEAL admits swindling other SEALs
A former Navy SEAL has pleaded guilty to swindling 11 former and active-duty SEALs out of more than $1 milion.
Jason Matthew Mullaney, 41, pleaded guilty Monday in San Diego County Superior Court to grand theft and fraud.
Prosecutors allege that Mullaney promised the 11 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.
He faces a sentence of six years and eight months to 12 years and eight months when he is sentenced Oct. 7.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
