US EditionFounder of Blue Bell-based Rubicon Wealth Management sentenced to 8+ years for defrauding clients out of $23M - Around Ambler
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Founder of Blue Bell-based Rubicon Wealth Management sentenced to 8+ years for defrauding clients out of $23M - Around Ambler
Scott Mason, 66, former president and founder of Blue Bell-based Rubicon Wealth Management, was sentenced to more than eight years in prison on Wednesday, June 25 after pleading guilty to using millions of dollars of client investments to “finance his own lavish lifestyle”, the U.S. Attorney’s Office reported. Mason, of Gladwyne, was also ordered to pay $24,998,596.46 in restitution to his fraud victims and $2,353,355 to the IRS. In January, he …
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