Jason Wade Cox (CRD# 5792635), a former Edward Jones advisor in Columbus, has been accused by federal prosecutors of taking money from a disabled woman. A federal criminal complaint accuses Cox of pocketing at least $160,000 from a fund that he had set up for his client's developmentally disabled daughter.
Cox's client wanted to set aside a fund for his developmentally impaired adult daughter before he died so that she could live a comfortable life. He trusted Cox to manage the account for his daughter, but according to allegations, Cox took the money for himself instead.
Cox allegedly withdrew a series of small amounts over the short period of January to March 2014, hoping to avoid bank reporting requirements that apply to larger withdrawals. Bank officials became suspicious about the account, specifically the multiple checks written to Cox, at which point the feds became involved.
Cox was indicted by a federal grand jury for structuring cash withdrawal transactions, mail fraud, and wire fraud. Federal prosecutors also said that in a separate instance, from 2012 to 2013, Cox used similar methods to defraud another investor.
The Columbus investment fraud lawyers at Meyer Wilson are investigating the Jason Cox case. Individuals who lost money through broker fraud and misconduct, like Cox is accused of, may be able to recover their losses. Meyer Wilson is a Columbus-based investment fraud law firm. Last year alone, we were able to recover more than $29 million for our clients.
If Jason Cox was your advisor and you lost money, contact us today for a free evaluation of your case.
UPDATE:
Jason Wade Cox's indictment is scheduled for Thursday, January 29 at 1:30pm at The Joseph P. Kinneary U.S. Courthouse in Columbus, Ohio. For more information, view the notice on the indictment.
