Another 5LINX Co-Founders Sentenced to Federal Prison

Another of the co-founders of a multi-level marketing company in Rochester who pleaded guilty to wire fraud and falsifying tax returns, is going to prison. Jeb Tyler was sentenced to 14 months in federal prison and 3 years of supervised release. Tyler and the firm's other co-founders, Craig Jerabeck and Jason Guck, pleaded guilty earlier this year to taking $2.3 million directly from one of the company's vendors. This violated the company's stockholders agreements. The money should have distributed among the stockholders. All three men also admitted to withholding hundreds of thousands of dollars in tax filings. Tyler must pay back $449,123 to the IRS and forfeit his interest in a property on County Road 16 in Canandaigua. Jerabeck was ordered to pay $2.3 million in restitution to the victims and $118,000 to the IRS as part of his sentence. His stake in a property on East Lake Road in Middlesex, Yates County was also ordered to be forfeited. Attorneys for Guck are asking for a sentence of probation. His sentencing is scheduled for December 19.

 

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