Jon Jason Greco, 40, of Minneapolis, has pleaded guilty to making a false and material statement in the Trevor Cook Ponzi scheme. He faces up to five years in federal prison. A sentencing date has not been scheduled.
Greco came into possession of loot from the scheme after its 2009 collapse, stashing it in a locker at the Mall of America. When questioned, he lied to investigators, telling them that the property found at the mall belonged to him and was given to him by his uncle, prosecutors said.
Investors were wiped out in Cook’s $194 million scheme. He is serving a 25-year sentence in federal prison.
“Because of Greco’s false statements, the U.S. failed to recover approximately $6,000 of
the assets,” prosecutors said.
Investigators recovered foreign currency and coins at the mall.
The case against Greco was bolstered when an exotic dancer told an IRS criminal investigator who was following leads that Greco, believed to have been unemployed for months, suddenly began to spend generously at a Minneapolis strip club and to plow $100 bills into slot machines at a gambling emporium.