“MACKDADDY” JASON BESCOE: Suspected Ponzi Schemer Has At Least Ten Michigan Corporations, Another In Delaware & A Florida Hedge Fund!

Somebody's been busy, and by 'somebody' I mean Grand Blanc's Jason Bescoe.

As I reported yesterday, Bescoe is under investigation in Genesee County, Michigan, for his role in an alleged Ponzi scheme.

In addition to at least 10 Michigan business entities, Bescoe has a Delaware corporation (JEA Capital Management, LLC) and once ran a Florida-based hedge fund.

Bescoe's Michigan corporations include:

-JEA Capital Holdings, LLC
-Tri-Park Properties, LLC
-Anchor Bay Equestrian Center, LLC
-Safe Ride LLC
-Kalahari Partners LLC
-Research Money Management, LLC
-Bescoe Family Holdings, LLC
-Mackdad Investments, LLC
-Kalahari Arabians, LLC
-Kalahari Stud, LLC

State of Michigan records indicate that while all ten entities are "active", several are delinquent in their corporation filings.

JEA Growth Fund LP was a Delaware hedge fund located in Florida, and founded by Bescoe on May 1, 2008.

According to official SEC records, JEA Growth Fund LP filed an SEC Form D on October 26, 2009 purporting to show that twelve investors had already sunk money into the project.

In addition, Bescoe claimed the fund had $4.2 million in assets under management.

The Fund's paper trail ended with that October 2009 filing.

But it's likely Bescoe's trail continued.

I'll keep looking...