Man Sentenced for Grandparent Scam, Laundering $378K
Venice Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
James Wesley Jackson III, a West Los Angeles resident, sentenced to federal prison for his role in a grandparent scam targeting elderly victims nationwide. Jackson, 44, pleaded guilty to conspiracy to commit money laundering, acting as a money mule to deposit victims checks into stolen identities. He recruited three others and set up fake businesses to hide the cash flow, laundering $378,000 from four victims. Jackson must pay $283,685 in fines and restitution. Co-conspirator Christopher Fagon, 47, faces charges and is believed to be in Canada. Federal prosecutors emphasize the importance of targeting money mules to prevent such scams.
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