FLINT, MI – Jason Bescoe has been sentenced to prison for swindling at least ten clients of more than $4-million in a fraudulent financial investment scheme.
Bescoe, 48-years-old, of Grand Blanc, plead guilty in October to two counts of embezzlement over $100,000 and he was sentenced yesterday to serve up to a maximum of twenty years in prison.
An investigation into Bescoe’s activities began in 2017 when the Genesee County Sheriff’s Office received a complaint about Bescoe and allegations he was embezzling money from clients who had trusted him to handle their financial investments.
Numerous search warrants authorized by the Prosecutor’s Office were obtained for homes, businesses, and bank records for multiple state and national financial institutions and brokerage houses.
“Embezzlement cases can be complex with thousands of documents and records to sort through, analyze, and piece together,” said Prosecutor Leyton. “I am pleased that with a lot of hard work by my staff and investigators from the Genesee County Sheriff Office’s Elder Abuse Task Force we were able to convict Jason Bescoe and hold him accountable for his actions while at the same time securing restitution for victims who had stood to lose a lot of their hard earned money,” said Genesee County Prosecutor David Leyton.