Investment funds manager sentenced for fraud, theft that netted him almost $1M

DENVER (KDVR) — A Denver investment funds manager was sentenced to six years in prison after pleading guilty to securities fraud and theft in March.

On Friday, the Denver District Attorney's Office said in a press release that Jason Lobins, 48, the founder of The Lobins Group, LLC, was sentenced after pleading guilty to one count of securities fraud and one count of theft. Lobins had also agreed to pay $966,045 in restitution to the victims of this case.

“Jason Lobins repeatedly defrauded investors and violated their trust, all for his own financial gain. Today’s sentence holds him accountable for that fraud,” said District Attorney John Walsh. “I want to thank the prosecutors, investigators and victim advocates in my office, as well as the investigators with the Colorado Division of Sec