Marketing company co-founder gets 14 months for $2.3M scheme
ROCHESTER, N.Y. (AP) — Another co-founder of a multilevel New York marketing company who defrauded investors out of $2.3 million has been sentenced to a prison term.
Forty-five-year-old Jeb Tyler was sentenced Wednesday in U.S. District Court in Rochester to 14 months in prison after pleading guilty to conspiracy to commit wire fraud and filing a false tax return.
Prosecutors say Tyler and 5Linx co-founders Craig Jerabeck and Jason Guck failed to distribute $2.3 million they received from a vendor to the company's stockholders. 5Linx had offered telecommunications, health insurance and business services.
Jerabeck and Guck pleaded guilty earlier this year in the case. Jerabeck was sentenced to 14 months in prison last week. Guck will be sentenced next week.
A judge ordered Tyler to pay back nearly $450,000 to the IRS and restitution to victims.
Forty-five-year-old Jeb Tyler was sentenced Wednesday in U.S. District Court in Rochester to 14 months in prison after pleading guilty to conspiracy to commit wire fraud and filing a false tax return.
Prosecutors say Tyler and 5Linx co-founders Craig Jerabeck and Jason Guck failed to distribute $2.3 million they received from a vendor to the company's stockholders. 5Linx had offered telecommunications, health insurance and business services.
Jerabeck and Guck pleaded guilty earlier this year in the case. Jerabeck was sentenced to 14 months in prison last week. Guck will be sentenced next week.
A judge ordered Tyler to pay back nearly $450,000 to the IRS and restitution to victims.
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