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Tuesday, April 24, 2018

JASON BESCOE'S ATTORNEY WALKS...AND BESCOE FORMS A NEW COMPANY TO “PROVIDE CONSULTING SERVICES TO INDIVIDUALS SEEKING ADVICE ON THEIR PERSONAL RETIREMENT PLANS” (My Advice? Run The Other Way!)

IS JASON BESCOE HIDING HIS ASSETS, AND HAS HE SECRETLY RESUMED SCAMMING? Disgraced financial advisor Jason Bescoe waltzed into Genesee County's 67th Circuit Court for a prelim back on April 12, and left without an attorney. 

Bescoe's former defense attorney, Michael Manley, was allowed to withdraw as his counsel, according to court records.

Bescoe is now represented by a court-appointed attorney.

And although Bescoe is accused of a "Ponzi scheme", allegedly scamming elderly clients out of a six-figure sum, I have discovered that Bescoe may be back in the game.

Earlier this month, Bescoe registered "IRA Counsel, LLC" as a Michigan business entity, with the stated purpose of providing "consulting services to individuals seeking advice on their personal retirement plans."

The official filing, shown below, also states that the so-called "advice" would "include planning for accumulation, preservation, distributions, and beneficiaries."

Although the Michigan Department of Licensing and Regulatory Affairs yanked Bescoe's investment advisor license, his FINRA record reveals he's no longer licensed as a broker and he's facing embezzlement and witness intimidation charges, this deviant figured the best path is to get right back in the saddle.

Unbelievable!

But wait, it gets better. 

In addition to the new business, Bescoe registered nine Michigan entities last year beginning just days after his original embezzlement indictment was announced—entities described as "retirement account holding companies", vehicles that could shelter significant assets Bescoe doesn't want to forfeit if he's convicted. (Scroll to continue.)

Beginning August 23, 2017 and continuing through August 31, Bescoe registered these nine Michigan business entities, all with the stated purpose of a "retirement account holding company":

ABG IRA Holdings,LLC 
CAG IRA Holdings, LLC 
GDR IRA Holdings, LLC 
JED IRA Holdings, LLC 
LAR IRA Holdings, LLC 
LAR Roth Holdings, LLC 
MKL IRA Holdings, LLC 
PEK IRA Holdings, LLC 
TWK IRA Holdings, LLC 

And that's just here in Michigan!


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