Preliminary hearing postponed for former Navy SEAL - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Preliminary hearing postponed for former Navy SEAL

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SAN DIEGO (CNS) - A preliminary hearing was postponed Friday to June 20 for a former Navy SEAL accused of stealing more than $1.1 million from 11 active and retired SEALs and a family friend by getting them to invest in his money-lending business.

Jason Matthew Mullaney, 42, is facing 30 felony charges, including grand theft and securities violations.

Authorities allege that Mullaney used his SEAL status to get others to invest in Trident Financial Holdings and Acquisitions, then transferred the money into his personal bank accounts to enhance his lifestyle.

In addition, Mullaney allegedly scammed $50,000 from a family friend, according to prosecutors.

If convicted of all counts, Mullaney faces up to 27 years in prison.

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