Gladwyne Fund Manager Gets 8 Years for Siphoning Millions Off Clients

Pennsylvania man sentenced for multi-million dollar fraud scheme

Scott Mason, who once ran a trusted investment firm, was sentenced for stealing nearly $25 million from clients in a yearslong financial fraud scheme.

Gladwyne fund manager gets 8 years for siphoning millions off clients

A Gladwyne man has been sentenced to more than 8 years in federal prison for defrauding clients out of millions of dollars through his investment advisory firm, Rubicon Wealth Management LLC. Scott Mason, 66, pleaded guilty in January to all 9 charges against him including wire fraud, securities fraud, investment adviser fraud and filing false tax returns. U.S. District Judge Timothy J. Savage ordered Mason to serve 97 months’ imprisonment Wedne…

Scott Mason, who took clients’ millions to pay for his Main Line lifestyle, gets 8 years in prison

Mason used money from clients at Rubicon Wealth Management in Gladwyne for vacations, a Shore home, and his children's weddings.

EmpowerCoin Operator Gets 8 Years For $40 Million Ponzi Fraud - FinanceFeeds

Dwayne Golden, a 57-year-old Pennsylvania man, has been sentenced to just over eight years in federal prison for running a trio of fraudulent crypto firms that defrauded investors out of $40 million. Golden and his co-conspirators promised fixed returns through companies called EmpowerCoin, ECoinPlus, and Jet-Coin, which operated briefly between April and August 2017. Instead of deploying funds into digital asset trading as advertised, the group…

Pennsylvania Investment Adviser Sentenced to Over Eight Years for Multimillion-Dollar Fraud

PHILADELPHIA, PA — Scott Mason, 66, of Gladwyne, Pennsylvania, was sentenced on Wednesday to 97 months in federal prison for orchestrating two fraudulent schemes that siphoned millions of dollars from his clients. United States District Judge Timothy J. Savage also ordered Mason to serve three years of supervised release and pay restitution of $24,998,596.46 to his victims and $2,353,355 to the IRS. Mason, the owner of Rubicon Wealth Management …

$17M Scam Funded NJ Mini-Golf Buy-In, Lavish Life For PA Adviser: DOJ

A Main Line investment adviser stole millions from clients—including friends, relatives, and retirees—to bankroll a luxury lifestyle and buy into a Jersey Shore mini-golf course, federal prosecutors say.Scott Mason, 66, of Gladwyne, was se…