The State of Colorado sentenced Jason Lobins to six years in prison August 8, 2025.
Between April 2019 and December 2023, Lobins, who headed his own management company the Lobins Group, solicited investments from friends or acquaintances, promising significant returns. He then falsified reports showing the supposed growth of the investments.
The victims repeatedly tried to access their funds. Lobins gave excuses for not being able to provide funds or telling them that the funds were in process via wire transfer. The victims never received their funds.
Lobins also issued the victims a number of promissory notes for specific investments, promising timely and significant returns. He failed to comply with the terms of those notes. Lobins stole at least $966,045, having never paid any of the victims’ original investments or their supposed profits. Investigators later learned that Lobins had deposited the missing funds into his personal bank accounts and used the money for personal expenses.
This case should serve as a reminder that investors should check the licensing of advisors prior to entrusting their life savings. Lobins does not appear to be licensed with either the SEC or FINRA.
Jeffrey Pederson has over 20 years of experience representing investors. The failure of licensing by an advisor is rarely an oversight.
Recent Comments