BREAKING NEWS: JASON BESCOE IS ACCUSED OF EMBEZZLING NEARLY $3.0 MILLION FROM TWO ELDERLY MICHIGAN COUPLES
“Bescoe's wife currently is managing the country club on Perry Road in Atlas Township and he has been removed as an owner.”
However, 2018 State of Michigan corporation records reveal Jason Bescoe currently remains the Treasurer and Secretary of the Atlas Valley Golf and Country Club, Inc.
![]()
Horse-loving Goodrich, Michigan financial flim-flammer Jason Bescoe today added two new charges to his previous crime tally when Genesee County Sheriff Robert Pickell announced during a morning news conference that a third embezzlement case had been opened against him.
The sallow-skinned Bescoe, shown above in what should be a top contender for “World’s Worst Mugshot: 2018”, allegedly swindled two separate elderly couples by taking investment money and putting it into his own bank account.
One couple, who are 90-and-86-years-old were taken for $1.7 million, according to Sheriff Pickell. The other, who are 89-and-82-years-old were taken for $925,000, Pickell said during a press conference about the 16-month investigation.
Pickell said Bescoe invested their money via an online trading platform called optionsXpress, which specializes in the highly-speculative trading of options; and between 2008 and 2014, he transferred money from optionsXpress (acquired in 2011 by the investment firm Charles Schwab Corporation) to Merrill Lynch and then to JEA Capital Management, a business owned by Bescoe.
Bescoe actually formed three JEA Capital-related business entities: 2008 entities formed in Florida under the name “JEA Capital Management, LLC”, and one in Delaware under the same name.
In addition, “JEA Capital Holdings LLC” formed here in Michigan by Bescoe in 2012—it appears Bescoe was essentially funneling the investors money to himself.
Pickell said Bescoe was previously charged with embezzlement of $100,000 or more back in August 2017 when a client of his approved a money transfer. Bescoe allegedly took $300,000 and kept it for himself.
Pickell said Bescoe used the money to pay for his house.
In the new case announced today, Bescoe is accused of transferring the money out of the original accounts to pay off his personal credit card and other credit card in the name of his wife.
“Bescoe used the money for airline flights, high end hotels, fancy restaurants,” Pickell said. “In November of 2016 Bescoe bought the Atlas Valley Country Club and he wrote checks totaling $250,000 in four equal payments to the four owners at that time.”
Bescoe was arraigned on the two felony charges in Genesee District Court on Tuesday, October 8 and is held in the Genesee County Jail in lieu of $2.7 million bail.
Grey Bar Hotel, Mr. Bescoe...checking in?
![]()
Breathe deep, Jason! And get used to this “complimentary amenity”.
Just think---you get to share it.
“Bescoe's wife currently is managing the country club on Perry Road in Atlas Township and he has been removed as an owner.”
However, 2018 State of Michigan corporation records reveal Jason Bescoe currently remains the Treasurer and Secretary of the Atlas Valley Golf and Country Club, Inc.
Horse-loving Goodrich, Michigan financial flim-flammer Jason Bescoe today added two new charges to his previous crime tally when Genesee County Sheriff Robert Pickell announced during a morning news conference that a third embezzlement case had been opened against him.
The sallow-skinned Bescoe, shown above in what should be a top contender for “World’s Worst Mugshot: 2018”, allegedly swindled two separate elderly couples by taking investment money and putting it into his own bank account.
One couple, who are 90-and-86-years-old were taken for $1.7 million, according to Sheriff Pickell. The other, who are 89-and-82-years-old were taken for $925,000, Pickell said during a press conference about the 16-month investigation.
Pickell said Bescoe invested their money via an online trading platform called optionsXpress, which specializes in the highly-speculative trading of options; and between 2008 and 2014, he transferred money from optionsXpress (acquired in 2011 by the investment firm Charles Schwab Corporation) to Merrill Lynch and then to JEA Capital Management, a business owned by Bescoe.
Bescoe actually formed three JEA Capital-related business entities: 2008 entities formed in Florida under the name “JEA Capital Management, LLC”, and one in Delaware under the same name.
In addition, “JEA Capital Holdings LLC” formed here in Michigan by Bescoe in 2012—it appears Bescoe was essentially funneling the investors money to himself.
Pickell said Bescoe was previously charged with embezzlement of $100,000 or more back in August 2017 when a client of his approved a money transfer. Bescoe allegedly took $300,000 and kept it for himself.
Pickell said Bescoe used the money to pay for his house.
In the new case announced today, Bescoe is accused of transferring the money out of the original accounts to pay off his personal credit card and other credit card in the name of his wife.
“Bescoe used the money for airline flights, high end hotels, fancy restaurants,” Pickell said. “In November of 2016 Bescoe bought the Atlas Valley Country Club and he wrote checks totaling $250,000 in four equal payments to the four owners at that time.”
Bescoe was arraigned on the two felony charges in Genesee District Court on Tuesday, October 8 and is held in the Genesee County Jail in lieu of $2.7 million bail.
Grey Bar Hotel, Mr. Bescoe...checking in?
Just think---you get to share it.