Jason Schubert Extend A Suites / Rich In Five Charges Filed by U.S. Dept. of Justice 12/2020 Austin Texas

U.S. Dept of Justice v. Defendant Jason Michael Schubert.

Charges have been filed against defendant Jason Michael Schubert. The lead prosecutor of the case is Matt Devlin. The main charge is categorized as Securities Fraud. 

This prosecution involces a national scheme, begining as early as 2012, and continuing until about July 2018, where Jason Schubert, devised seminars known as "RICH IN FIVE" hotel investment seminars. In conjuction with the seminars, the defendant identified potential investors amond attendees and solicited money from them to invest in preexisting hotel properties and he created a new hotel brand known as "EXTEND A SUITE" (EAS).

Jason Schubert also formed the Schubert Entities to conduct seminars, operate the hotels and to engage in financial transactions relating to various businesses, to manage investor funds intended for purchasing and operating hotel properties, and to use for his own personal use and benefit. The investors provided funds to the defendant based on false and fraudulent promises and representations that the funds would be used to purchase, improve, and operate hotel properties for investment. 

Defendant Jason Schubert has entered a plea of "guilty" with the Court. Consequently, there will be no trial involving this defendant.

As of December 2, 2020, Jason Michael Schubert is in custody.

The sentencing hearing for the defendant, Jason Michael Schubert, has been set for february 25, 2021 at 10:00 am at the US Courthouse in Austin, Texas before Judge Robert Pitman.