May
2012
Thursday, July 08, 2010
PatrickPretty.com, 

WANTED: Feds Ask For Assist In Locating Accused Pyramid Schemer Jason P. Unangst

A Pittsburgh-area man indicted in June 2009 is now listed as a fugitive in a pyramid-scheme and money-laundering case, federal prosecutors said. Jason P. Unangst, 34, formerly lived in the Pittsburgh suburbs of McCandless Township and Wexford. His last verifiable address was listed as Virginia Beach, Va., prosecutors said.

He was indicted on charges of defrauding investors of “at least $1,987,060 by devising a scheme to persuade prospective investors to invest money into a purported mobile home venture, which was actually a pyramid scheme,” prosecutors said.

Part of his sales pitch centered on his purported ability to sell mobile homes in areas of the United States ravaged by hurricanes, thus returning handsome profits to investors who provided cash for the deals, according to the Pittsburgh Tribune-Review.

Posted by Tracey on 07/08/10 at 07:00 PM •  (0) Comments

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