Jeb Tyler, Conspiracy to Commit Wire Fraud, New York 2023

ROCHESTER, N.Y. – In a shocking turn of events, Jeb Tyler, 45, of Rochester, NY, was sentenced to serve 14 months in prison for his role in a massive wire fraud scheme.

According to U.S. Attorney James P. Kennedy, Jr., Tyler, along with his accomplices Craig Jerabeck and Jason Guck, conspired to commit wire fraud by selling 5LINX stock for $5,500,000 to three investment companies in 2006. However, unbeknownst to the investors, Tyler, Jerabeck, and Guck secretly caused a Florida vendor to pay them approximately $2,310,510, which was prohibited under their Stockholders Agreements.

The scheme continued to unravel as the trio, posing as ‘fictitious representatives’ of 5Linx, received approximately $12,000,000 in fraudulent proceeds.

Furthermore, Tyler was found to have provided material false information on his personal tax returns, resulting in a tax loss of approximately $449,123.

U.S. District Court Judge David G. Larimer ordered Tyler to pay $2,759,633 in restitution, in addition to the 14-month prison sentence.

The case was investigated by Special Agents of the Federal Bureau of Investigations and the Internal Revenue Service, Criminal Investigation Division. Jerabeck was previously sentenced to 14 months in prison, while Guck awaits sentencing.

As the investigation comes to a close, the Grimy Times can only wonder what other secrets lie hidden beneath the surface of 5LINX’s seemingly legitimate business practices.

In a statement, U.S. Attorney Kennedy emphasized the severity of the crime, stating, ‘The defendant’s actions were a brazen betrayal of the trust placed in him by his investors and the public.’

Tyler’s sentencing marks the culmination of an investigation that has left many questioning the legitimacy of the multi-level marketing industry.

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