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Tue May 1, 2018, 03:40 PM

5Linx founder Craig Jerabeck admits to fraud; agrees to testify against other founders

The criminal case against the three men who created the once-thriving local company 5Linx took a dramatic turn Tuesday when one of the three admitted to a wire fraud conspiracy and agreed to testify against the other two.

Craig Jerabeck, one of the founders of the 5Linx multi-level marketing company, pleaded guilty Tuesday to the wire fraud conspiracy and also to the filing of a false tax return.

Jerabeck and two other of the company founders Jason Guck and Jeb Tyler were arrested early last year and accused of looting the company and its investors of millions through shell companies and unearned bonuses. The three were scheduled for trial in federal court in mid-September; that trial date is still set for Guck and Tyler.

On Tuesday, however, Jerabeck admitted to crimes different than those contained in the indictment against him last year. He pleaded guilty to the fraud conspiracy, maintaining that he, Guck, and Tyler or companies they created pocketed about $2.3 million from a Florida vendor selling 5Linx products, including identity theft protection.

Read more: https://www.democratandchronicle.com/story/news/2018/05/01/5-linx-craig-jerabeck-guilty-wire-fraud-tax-fraud-jason-guck-jeb-tyler/568764002/

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