Gladwyne Man Sentenced to over 8 Years in Prison for Defrauding Clients of More than $23 Million

Gladwyne man sentenced to over 8 years in prison for defrauding clients of more than $23 million

PHILADELPHIA – A Gladwyne man will spend more than eight years in prison in connection with fraudulent schemes that defrauded people of over $23 million through his investment advisory firm, Rubicon Wealth Management LLC. David Metcalf, United States Attorney for the Eastern District of Pennsylvania, announced that Scott Mason, 66, of Gladwyne, was sentenced to 97 months in prison and three years of supervised release by United States District J…

Founder of Blue Bell-based Rubicon Wealth Management sentenced to 8+ years for defrauding clients out of $23M - Around Ambler

Scott Mason, 66, former president and founder of Blue Bell-based Rubicon Wealth Management, was sentenced to more than eight years in prison on Wednesday, June 25 after pleading guilty to using millions of dollars of client investments to “finance his own lavish lifestyle”, the U.S. Attorney’s Office reported. Mason, of Gladwyne, was also ordered to pay $24,998,596.46 in restitution to his fraud victims and $2,353,355 to the IRS. In January, he …