comscore Ponzi scheme operator sentenced to 4 years in prison | Honolulu Star-Advertiser
Top News

Ponzi scheme operator sentenced to 4 years in prison

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now

  • 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.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up