Press Release
BOILER ROOM TRADER CHARGED WITH FRAUD PLEADS GUILTY
June 16, 2008
FOR IMMEDIATE RELEASE
R. Alexander Acosta, United States Attorney for the Southern District of Florida, Michael E. Yasofsky, Jr., Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division, and Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, announced today that defendant Jeffrey Jedlicki, 38, of Delray Beach, FL, pled guilty to a one-count Information charging him with conspiring to commit mail and wire fraud and to defraud the United States. If convicted, Jedlicki faces a maximum term of imprisonment of five (5) years and a fine of up to $250,000.
The Information charges that Jedlicki, while working at multiple boiler rooms throughout South Florida, would knowingly misrepresent material facts to individuals whom he had convinced to invest in foreign currency options. Jedlicki acted as a loader, persuading potential investors to invest additional money in dead-end investments. Jedlicki would make misrepresentations to the investors, including telling them that they could expect to make high profits with low risk. Jedlicki knowingly failed to tell the investors that more than 95% of the investors had lost money and that he had been previously barred from acting as a broker by the National Futures Association.
In addition to intentionally making misrepresentations to investors, Jedlicki failed to report to the IRS nearly $1 million in income he had earned during tax years 2003 and 2004. Jedlicki would divert his salary and commissions to his corporation, who would then falsely deduct as business expenses Jedlicki’s personal expenses, including payments for his car, credit card bills, and meals.
Mr. Acosta commended the investigative efforts of the Internal Revenue Service, Criminal Investigation, and the Federal Bureau of Investigation. This case is being prosecuted by Assistant United States Attorney Jeffrey A. Neiman.
A copy of this press release may be found on the website of the United States Attorney's Office for the Southern District of Florida at http://www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at http://www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.
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