Former Navy SEAL admits swindling other SEALs
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A former Navy SEAL has pleaded guilty to swindling 11 former and active-duty SEALs out of more than $1 milion.
Jason Matthew Mullaney, 41, pleaded guilty Monday in San Diego County Superior Court to grand theft and fraud.
Prosecutors allege that Mullaney promised the 11 investors returns of 24% from real estate and loan deals but instead used the money for a lavish lifestyle, including gambling trips to Las Vegas.
He faces a sentence of six years and eight months to 12 years and eight months when he is sentenced Oct. 7.
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