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Ex-Navy SEAL to stand trial in $1M fraud

Nov. 27, 2012 - 11:12AM   |   Last Updated: Nov. 27, 2012 - 11:12AM  |  
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SAN DIEGO A former Navy SEAL accused of bilking people out of more than $1 million in an investment fraud scheme has been ordered to stand trial in San Diego.

KGTV-TV reports that Jason Mullaney was ordered Monday to face trial on 30 felony charges, including grand theft and fraud. He has pleaded not guilty but remains jailed and faces up to 34 years in state prison if convicted.

Prosecutors contend that Mullaney defrauded at least 13 people most of them current or former Navy SEALs through his San Diego money-lending business and used the money for personal expenses.

Most of the money hasn't been recovered.

Authorities said Mullaney at one time had a downtown loft and several luxury cars but was homeless when he was arrested earlier this year.

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