Former Dawson James Broker Jason Knapp Arrested for Ponzi Scheme

The PostStar.com reported on December 20, 2012, that Jason T. Knapp, age 29,  of Corinth, New York, has been arrested in connection with a nationwide Ponzi scheme, which at the present time appears to have involved hundreds of thousands of dollars. According to  reports there are currently investigations related to Knapp's actions in Florida, Arizona, Rochester, New York City and Maryland.

According to the PostStar, Knapp had previously worked for Dawson James Securities, Inc. of Boca Raton, FL, and had raised investment capital in connection with a company call SteepleChase Group, claiming returns on investment would be over 18%. It is alleged that he used new investor's money to pay prior investors and spent a portion of the money earmarked for investment on personal travel including trips to casinos.

Knapp is charged with second-degree larceny for allegedly stealing $60,000 from a New York investor. The article reports that several victims are from Boca Raton, FL.

State Police report that Knapp fled when he learned of the investigation, but was located and arrested in Maryland, arraigned in Lake Town Court and jailed in Hamilton County for lack of bail.

Rex Securities Law has been helping investors recover investment losses from stock brokers, investment advisors and brokerage firms for 25 years. We represent investors nationwide and beyond and there is no charge for the initial consultation.

Please contact us at 561 391 1900 if you have information related to this matter or questions about losses in your investment accounts.


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