5Linx’s Jeb Tyler sentenced to 14 months prison for fraud
Dec.13, 2018 in
companies, regulation
Following a conviction earlier this year, 5Linx co-founder Jeb Tyler has been sentenced to fourteen months in prison.
Tyler was arrested early last year along with Craig Jerabeck and Jason Guck.
His wire and tax fraud convictions stem from fraudulently siphoning funds out of 5Linx, in conjunction with providing false information to the IRS.
In addition to prison time, Tyler’s Canandaigua, New York residence is subject to forfeiture. He has also been ordered to pay $2.7 million in restitution.
Craig Jerabeck received a similar 14 month prison sentence last week. Jason Guck is scheduled for sentencing on December 19th.
