Rochester Man Gets 5 Years for Swindling $11M from Investors via 3 Hooligans
The founder of 3 Hooligans Investment Properties, LLC was sentenced to
five years in federal prison on Monday for swindling investors out of
In his plea agreement, Jason Michael Meyer, of Rochester, admitted to soliciting
investments in his company, 3 Hooligans Investment Properties LLC , and
then using the funds to pay his personal expenses and to make Ponzi-style
payments to earlier investors. He told potential clients that he was an
experienced investor and promised them significant and rapid returns with
virtually no risk. Instead of investing their funds as promised, however,
he stole their money. Investors lost more than $11 million in the scheme,
which ran from 2007 through 2009.
Meyer was charged in Minneapolis in August 2012 with one count of wire
fraud and one count of money laundering in connection to the scheme.
Reporters, however, have said that this wasn’t the only time Meyer
According to the Star Tribune, Meyer “has been dogged with fraud
allegations for years, piling up judgments in excess of $20 million”
across a number of states, including Wisconsin, New York, and Florida.
He also was a suspect in an alleged
$6.5 million investment fraud scheme that authorities said defrauded investors through a variety of get-rich-quick
scams, including some that involved triple-A bonds and gold-mining interests.
For additionalJason Meyer investment fraud information, click here.