3RD 5Linx Defendant Pleads Guilty

The third and final owner of the former 5Linx company has pled guilty to wire fraud and tax evasion charges.

Federal prosecutors say Jason Guck pled guilty to charges carrying a maximum penalty of 20 years in prison. Together with co-defendants Craig Jerabeck and Jeb Tyler, Guck founded 5Linx as a multi-level marketing company that offered products from telecommunications services to insurance. 

In 2006, the three men sold $5.5 million of 5Linx stock to three investment companies, but continued to receive direct payments from company vendors without the knowledge of their new investors, siphoning off $2.3 million they weren't entitled to. They also didn't report that income to the IRS.

All three have now been found guilty and are awaiting sentencing.

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