Ponzi scheme operator sentenced to 4 years in prison
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Jason Pascua is seen in this 2007 photo. At the time he was vice president and director of the Filipino Chamber of Commerce and marketing chairman for the first A Taste of Kalihi event.
A federal judge sentenced a 39-year-old man this afternoon to a four-year prison term for running a Ponzi scheme that defrauded more than 30 victims of more than $1 million.
U.S. District Judge Leslie Kobayashi also ordered Jason Pascua to pay $1 million in restitution to the victims.
Pascua, a state House candidate from Kaneohe in 2010 and a former president of the Filipino Chamber of Commerce of Hawaii, was ordered to surrender at a federal prison on Oct. 24 to start serving his sentence.
Pascua pleaded guilty earlier this year to a wire fraud charge in connection with his Ponzi scheme.
