The U.S. Attorney’s Office for the Middle District of Florida has announced charges against a former CEO of a Jacksonville tech company. Jason Cory, 47, of Jacksonville, FL, was indicted last week on three counts of wire fraud and one count of money laundering after allegedly using the company to commit fraud and money laundering. Attorney information was not available.
According to sources, the accused was the founder and CEO of a Jacksonville-based information technology services company called SharedLabs Inc. From March 2017 to March 2019, he is accused of embezzling over $540,000 by authorizing wire transfers out of SharedLabs’ corporate accounts and into the account of a company called Gambit Matrix LLC. He allegedly told his employees that Gambit had performed consulting services for SharedLabs.
Records show that Gambit Matrix was a shell company under the former CEO’s control. He established the company in January 2015, but it never performed any “legitimate, substantive business activities” before it was dissolved in September 2016, the indictment states. He still controlled the bank account into which the embezzled funds from SharedLabs were transferred. He used the money for personal expenses, such as Super Bowl tickets and the $11,630 purchase of a gold Rolex watch, according to the indictment.
The accused reportedly attempted to conceal the alleged embezzlement by lying to SharedLabs employees and board members about his control of Gambit. He allegedly tried to persuade people to pose as the fictitious owners of Gambit and went as far as making fake social media profiles and email addresses for them. He also doctored an invoice and contract between Gambit and SharedLabs to substantiate the consultation work the company had purportedly performed, the indictment claims.
Wire fraud is a criminal offense that involves intentionally initiating a fraud scheme in order to obtain money or property through the use of interstate “wires.” The alleged wire transfers that Cory authorized were made from Florida to North Carolina, making them interstate transfers. This is why prosecutors are charging him with wire fraud.
Wire fraud is a federal crime, and as such, it is often investigated by the Federal Bureau of Investigation (FBI) or similar federal agencies. The Department of Justice often files wire fraud charges in conjunction with the prosecution of money laundering because wire fraud is one of the easiest crimes for an assistant U.S. Attorney to prosecute.
If convicted, the accused faces up to 20 years in federal prison for each count of wire fraud and up to 10 years in prison for the money laundering offense. Prosecutors are also seeking the forfeiture of at least $558,701—the proceeds of the accused’s alleged criminal conduct.
Anyone accused of committing wire fraud and money laundering in Florida should immediately consult an experienced attorney. A competent attorney can review the evidence, conduct an independent investigation, and help the accused choose the best course of action to minimize the potential penalties or have the charges dropped.
South Florida Fraud Defense Attorney
Are you accused of committing wire fraud and money laundering in South Florida? Contact Brian Silber, P.A. to set up a free initial consultation with one of South Florida’s most experienced fraud defense attorneys.