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Ponzi Schemer Rhodes Pled Guilty In SDNY Now Gets 48 Months Amid Tears

By Matthew Russell Lee, Patreon
Honduras - The Source - The Root - etc

SDNY COURTHOUSE, September 1 – When the guilty plea of Jason Rhodes was announced by the SDNY US Attorney's Office, that Office had still not provided its exhibits on OneCoin, regarding which promotions continue around the world.

 From the January 9, 2020 announcement of the guilty plea of "JASON RHODES pled guilty today before U.S. District Judge Sidney H. Stein to securities fraud, wire fraud, investment adviser fraud, and conspiracy charges in connection with his participation in a scheme to defraud approximately 25 investors in Sentinel Growth Fund Management, LLC (“Sentinel”), a hedge fund RHODES co-founded, out of approximately $19.6 million by lying to the investors and using investor funds for his own personal use and to make repayments to earlier investors in a Ponzi-like manner.

 Now on September 1, 2021, in a proceeding for which no call-in number was in the docket (but, to be fair, some media did attend in person), a 48 month sentence has been imposed, amid tears and apparently the use of the term whackadoodle: "JASON RHODES, the co-founder, chief investment officer, and chief compliance officer for Sentinel Growth Fund Management, LLC (“Sentinel”), was sentenced today by U.S. District Judge Sidney H. Stein to 48 months in prison for securities fraud, wire fraud, investment adviser fraud and conspiracy charges."

 Meanwhile in the OneCoin case, Mark Scott is asking for a new trial in a still entirely sealed motion which apparently alleged that DOJ's main cooperating witness perjured himself. We aim to have more on all this.


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