Jason Cory, Wire Fraud and Money Laundering, Florida 2024

Jacksonville CEO Jason Cory, 47, is facing federal charges after being indicted on three counts of wire fraud and one count of money laundering tied to a $547,071.10 embezzlement scheme. The announcement, made by United States Attorney Maria Chapa Lopez, reveals a calculated betrayal of trust that spanned two years and involved shell companies, forged documents, and luxury purchases paid for with stolen corporate funds.

According to the indictment, Cory, the former Chief Executive Officer of an information technology services firm, authorized multiple wire transfers from company accounts to a phantom entity called Gambit Matrix LLC between March 2017 and March 2019. The funds—totaling $547,071.10—were funneled into a bank account Cory controlled, despite company employees being told Gambit had performed legitimate consulting work. In reality, Gambit was a shell company owned and operated entirely by Cory.

Cory didn’t just steal—he worked to cover his tracks. He lied to employees and board members about his connection to Gambit, pressured associates to falsely claim ownership of the shell company, and even created fake social media profiles and email accounts for these fabricated individuals. He also falsified invoices and contracts to make it appear as though Gambit had rendered real services, further masking the theft.

Among the personal expenses funded by the embezzled money was a $11,630.30 Rolex watch, purchased while the company he led struggled to meet payroll and operational costs. Investigators say the misuse of funds damaged the company’s financial standing and undermined employee trust. The DOJ is seeking a forfeiture judgment of at least $558,701.40—the total proceeds of the criminal conduct, including interest and fees.

If convicted, Cory faces up to 20 years in federal prison on each wire fraud count and up to 10 years for money laundering. The case was investigated by the Federal Bureau of Investigation and will be prosecuted by Assistant United States Attorney David B. Mesrobian. No trial date has been set.

An indictment is not a conviction. Jason Cory is presumed innocent unless and until proven guilty in a court of law. Federal authorities remind the public that all individuals are entitled to due process, regardless of the severity of the allegations. The investigation remains active as prosecutors build their case.

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