Orlando Pascual Jr., HIV Treatment Medicare Fraud, Florida, 2023

Related Federal Cases

Christopher B. Epps, Bribery and Wire Fraud, Jackson MS, 2023 · Florida
Alabama Contractor Sentenced to Nine Years for Wire Fraud · Tennessee
Davie Tax Scammer Pleads Guilty To $22M Fraud Scheme · Florida
Orlando Pascual Jr., HIV Treatment Medicare Fraud, Miami FL, 2023 · Alabama
Juan A. Tony Marrero, Medicare Fraud Scheme, Miami FL, 2023 · Alabama

Table of Contents

Panamanian Wire Fraud Scammer Faces 20 Years

Tampa, Florida – Jeffrey Jedlicki, a 51-year-old resident of Panama City, Panama, has pleaded guilty to conspiracy to commit wire fraud for his role in operating international boiler rooms that defrauded victims via the sale of worthless investments.

According to the plea agreement, Jedlicki and his co-conspirators operated international boiler rooms in Panama and elsewhere that used high-pressure sales techniques to defraud individuals who invested substantial amounts of money in what they believed were regulated financial products or markets, such as options in commodities and stocks.

The majority of the victims that the boiler rooms targeted were located in Canada, the United Kingdom, Australia, and New Zealand. Jedlicki and his co-conspirators then transferred fraud proceeds generated by the boiler rooms through several money laundering rings, and then on to overseas accounts, with the launderers receiving a percentage of the funds they had moved.

Jedlicki himself received a 2% referral fee for referring victims’ funds to a money laundering ring. Jedlicki used the funds to perpetuate the conspiracy, and for his own personal enrichment. In total, Jedlicki and his co-conspirators wired or caused to be wired approximately $3,244,592 (U.S. Dollars) in victims’ funds to money laundering accounts in furtherance of the wire fraud conspiracy.

This case was investigated by the Homeland Security Investigations, and the Internal Revenue Service – Criminal Investigation. It is being prosecuted by Assistant United States Attorney David W.A. Chee.

Jedlicki faces a maximum penalty of 20 years in federal prison. A sentencing date has not been set.

Jedlicki’s scheme is a stark reminder of the dangers of investing in unregulated financial products or markets. It is essential for individuals to do their due diligence and research any investment opportunity thoroughly before investing their hard-earned money.