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New Jersey man convicted in $1 million fraud scheme

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Jail cell

EUGENE, Ore. – A federal jury found a former New Jersey man guilty on four counts of wire fraud for his scheme to steal $1 million from an elderly man living in Roseburg.

According to court documents, Thomas Gerard Mautone, 43, was one of five people who perpetrated a months long scheme to trick an elderly man to invest $1 million in a fraudulent international investment scheme. Officials say the scheme began in July 2015 when one of Mautone’s co-defendants, Jared Mack, 46, of Utah, made email contact with the victim and pitched an investment opportunity that would have allegedly produced weekly returns of 20%.

Officials say that once the victim expressed interest in the fraudulent investment, Mack introduced him to Mautone and another accomplice. Officials say Mautone and his accomplices repeatedly attempted to assure the victim of the investment’s legitimacy through increasingly intimidating communications over the next several months.

Officials said that in December 2015 the victim wired $1 million to a bank account in Dubai controlled by yet another accomplice of Mautone. Officials add that this accomplice immediately withdrew the money and used it to buy gold. Officials said the victim never saw his money again, nor did he receive any of the promised returns.

Officials say three of Mautone’s accomplices pleaded guilty to wire fraud and have already been sentenced. Mautone faces up to 20 years in prison with three years of probation and a $250 thousand fine. He will be sentenced on September 8, 2022.

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