NFL play­ers’ fi­nan­cial ad­viser gets 28 months in prison for fraud

The Charlotte Observer (Sunday) - - News - BY JOSH SHAFFER jshaf­[email protected]­sob­server.com Josh Shaffer: 919- 829- 4818, @joshshaf­fer08

A Florida fi­nan­cial ad­viser with of­fices in High Point will serve more than two years in fed­eral prison for bilk­ing clients, in­clud­ing sev­eral NFL play­ers, out of $1.4 mil­lion.

A fed­eral judge in Greens­boro sen­tenced Ja­son Jerni­gan, 44, of Mi­ra­mar, Fla., to 28 months for money laun­der­ing and con­spir­ing to com­mit wire fraud, said a news re­lease from U.S. At­tor­ney Matthew G.T. Martin of the state’s mid­dle dis­trict.

With busi­ness part­ner Michael Rowan, Jerni­gan oper­ated Cap­i­tal Man­age­ment Wealth Ad­vi­sors and APS Man­age­ment out of High Point. They of­fered fi­nan­cial ser­vices and in­vest­ment ad­vice to pro­fes­sional ath­letes, in- clud­ing NFL play­ers named only as M.J., J.P. and F.W, fed­eral court records said.

Jerni­gan told clients he needed ac­cess to their bank ac­counts so he could pay their bills, court records said, and he in­structed them to move money to spe­cific banks. As part of the con­spir­acy, he moved more than $1.4 mil­lion of his clients’ funds to APS and Cap­i­tal Wealth ac­counts.

“Fight­ing fraud is a pri­or­ity of our of­fice,” Martin said in the re­lease.

Jerni­gan pleaded guilty to one count of con­spir­acy to com­mit wire fraud and money laun­der­ing in 2017. He must pay $1,290,980 in resti­tu­tion to his client vic­tims.

Rowan was sen­tenced to 65 months in prison last year for wire fraud and fil­ing a false tax re­turn, Martin’s re­lease said.

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