Trial set for ex-Navy SEAL accused of $1.1M scam

SAN DIEGO - A former Navy SEAL accused of stealing more than $1.1 million from 11 active and retired SEALs and a family friend by getting them to invest in his money-lending business will be going to trial in a couple of months.

A judge decided in a preliminary hearing Monday that there is enough evidence in the case to warrant a trial for 42-year-old Jason Matthew Mullaney, who is facing 30 felony charges, including grand theft and securities violations. A trial date was scheduled for Sept. 9.

Authorities allege that Mullaney used his SEAL status to get others to invest in Trident Financial Holdings and Acquisitions, then transferred the money into his personal bank accounts to enhance his lifestyle.
 
In addition, Mullaney scammed $50,000 from a family friend, according to prosecutors.
 
If convicted, Mullaney faces up to 27 years in prison.

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