Co-founder Craig Jerabeck has been sentenced to 14 months in prison after being convicted of conspiracy to commit wire fraud and filing a false tax return. All three of the founders have ties to Ontario County.
The co-founder of a Henrietta-based marketing company has been sentenced to 14 months in prison.
Craig Jerabeck, 57, faced up to 20 years in prison after being convicted of conspiracy to commit wire fraud and filing a false tax return.
Prosecutors say Jerabeck and co-defendants Jeb Tyler of Victor and Jason Guck, who also helped start 5LINX, received more than $2.3 million from a Florida company that they didn't report to 5LINX shareholders, violating a shareholder agreement.
Prosecutor also say Jerabeck also provided false information on his personal tax returns in 2011, 2012, 2013, and 2015.
In addition to serving 14 months in prison, Jerabeck will have to pay $2,310,510 in restitution to victims and $118,628 to the IRS.
All three of the founders have links to Ontario County. According to Estately, Jerabeck's Canandaigua Lake home on East Lake Road in Middlesex sold for nearly $1.2M three months ago.
Guck's home on Canandaigua Lake sold for about $1.5M almost a year ago. And Jeb Tyler lives in Victor.
Tyler and Guck were previously convicted and are scheduled to be sentenced on Dec. 12 and Dec. 19, respectively.