Kaneohe man gets prison time for $1.5M Ponzi scheme

Jason Pascua
Jason Pascua

A Kaneohe man who admitted to a Ponzi scheme that bilked investors out of more than $1 million is going to prison.

On Thursday, a judge sentenced Jason Pascua to four years in prison and five years probation. He was also ordered to pay more than $1 million in restitution.

Pascua pleaded guilty in federal court in March.

The Federal Bureau of Investigation says 31 investors lost more than $1.5 million.

Related story: Kaneohe man pleads guilty to $1.5 million Ponzi scheme

blog comments powered by Disqus