From Luxury to Frying Fries: The Downfall of a Financial Advisor

A Tale of Deceit and Downfall

The Rise and Fall of Scott Mason

• Career Span: 17 years of financial advising
• Amount Stolen: Nearly $25 million
• Lavish Lifestyle:
• Expensive vacations
• Country club memberships
• A miniature golf course
• A $1.4 million home in Philadelphia
• A $3 million beach house in New Jersey
• Investment in a golf course

The Confession and Consequences

• Confession: Admitted to authorities in 2024
• Charges:
• Securities fraud
• Filing false tax returns
• Sentencing:
• $18.9 million in restitution
• $2.3 million to the IRS
• Eight-year prison sentence
• Post-Conviction Employment: Worked at McDonald's earning $12/hour

The Victims

• Included his own aunt and a childhood friend
• The Tulins:
• Sued JP Morgan Chase
• Alleged bank ignored signs of Mason's misconduct
• Claimed Mason forged their signatures and withdrew large sums

A Family Affair

• Father's History: Convicted of running a Ponzi scheme in 1975
• Scott's Motivation: Greed and a desire for more