May
2012
Saturday, July 10, 2010
Brian Bowling, PITTSBURGH TRIBUNE-REVIEW, 

WANTED: IRS asks public for help finding indicted pyramid schemer Jason P. Unangst

The Internal Revenue Service is asking the public to help it find a former McCandless resident charged with bilking local investors out of nearly $3 million in a pyramid scheme.

Jason Unangst, 34, told investors in 2004 that he could buy mobile homes either for wholesale prices or from a financing company that had repossessed them, prosecutors say. Unangst claimed he would be able to sell those mobile homes in hurricane-stricken parts of the country and give the investors returns of 30 to 100 percent in two to six months, prosecutors say.

A federal grand jury indicted Unangst in July 2009 on four counts of interstate transportation of property taken by fraud for cashing four investors' checks. The grand jury also indicted him on 10 counts of money laundering. It is estimated that he raised nearly $3 million in the scheme.

The indictment, unsealed June 28, says that Unangst operated a business called JPU Enterprises in 2004. The agency is asking anyone with knowledge of his whereabouts to contact Special Agent Kevin Petrulak at 412-395-6748.

Posted by Editor on 07/10/10 at 07:20 AM •  (0) Comments

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"I'm not an angel but I'm not a crook. I have not done anything that any other public official hasn't done."
Jimmy Dimora

graphic