ROCHESTER, N.Y. (AP) - Another co-founder of a multilevel New York marketing company who defrauded investors out of $2.3 million has been sentenced to a prison term.
Forty-five-year-old Jeb Tyler was sentenced Wednesday in U.S. District Court in Rochester to 14 months in prison after pleading guilty to conspiracy to commit wire fraud and filing a false tax return.
Prosecutors say Tyler and 5Linx co-founders Craig Jerabeck and Jason Guck failed to distribute $2.3 million they received from a vendor to the company’s stockholders. 5Linx had offered telecommunications, health insurance and business services.
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Jerabeck and Guck pleaded guilty earlier this year in the case. Jerabeck was sentenced to 14 months in prison last week. Guck will be sentenced next week.
A judge ordered Tyler to pay back nearly $450,000 to the IRS and restitution to victims.
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