© 2023 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Connecticut Man Sentenced In $25M Investment Scam

A Connecticut man has been sentencing to four years in prison for cheating investors of over $25 million through a securities fund he co-founded.

Jason Rhodes was sentenced Wednesday in Manhattan federal court.

Prosecutors say Rhodes cheated more than 25 investors by lying to them as he spent their money on personal expenses or by repaying other investors.

U.S. Attorney Audrey Strauss said the fraud was made worse because Rhodes served at the time as the chief risk officer of Sentinel Growth Fund Management LLC.

Through his lawyer, Rhodes had requested a sentence of one year of home confinement.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Related Content