Call Now For a Free Consultation:
(614) 502-6165

Former Advisor Jason Cox Sentenced for Defrauding Investors

In January of this year, we posted a blog regarding former Edward Jones financial advisor Jason Cox who was accused of stealing money from an elderly woman. Prosecutors accused Cox of taking $160,000 from a client’s fund, which he initially set up for the client’s developmentally disabled daughter. Cox’s client wanted to set up a fund for his daughter before he died so that the woman would be taken care of and could live comfortably. The client trusted Cox with managing the funds; however, Cox allegedly took the money from the disabled daughter’s account for his own personal use.

On July 8, 2015, Cox pleaded guilty to one count of wire fraud, two counts of mail fraud, and two counts of money laundering in July. Earlier this month, he was sentenced for his crimes. He was ordered to spend five years in prison followed by three years of supervised release. He was also ordered to pay restitution to his victims in the amount of $412,252.

Court documents stated that Cox used his financial advisor position to defraud multiple investors, including the disabled adult. In the case of the disabled adult, Cox took small amounts over the course of three months to allegedly avoid reporting requirements. When multiple checks were written to Cox, officials became suspicious of the activity and federal investigators became involved.

There were at least two other victims who accused Cox of defrauding them. One was a man who accused Cox of asking him to transfer money from his 401k account to invest about $60,000 with a guaranteed 10% rate of return. Cox was also accused of defrauding an elderly woman whose adult daughters were managing her finances.

If Jason Cox served as your advisor and you lost money, you may be able to take legal action. At Meyer Wilson, our investment fraud attorneys have helped countless clients recover losses after being defrauded. We would like to help you. Call today to schedule your free case evaluation and learn your options.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram