Monday, November 26, 2012
San Diego County prosecutors say Jason Matthew Mullaney used his influence as a ex-Navy SEAL to convince his former military brothers to invest in his money-lending business. Mullaney is set to appear in court today for a preliminary hearing today to see if there is enough evidence for a trial.
Back in August, Mullaney was held on $2 million bail on charges of grand theft and securities violations, according to Coronado Patch.
Deputy District Attorney Hector Jimenez told City News Service:
“If people wanted to borrow money, Mr. Mullaney would give you a hard loan, with interest. That was the plan anyway. Mr. Mullaney got people to invest in his company so he could have money to lend. He made some loans, but unfortunately, he didn't use the money as he said he would.”
If Mullaney is convicted of the charges against him, he faces as much as 34 years in prison.