A Denver man was sentenced to six years in prison Friday for nearly $1 million of financial fraud and theft.

Jason Lobins, founder of The Lobins Group, plead guilty to one count of securities fraud and one count of theft, according to a news release from the Denver District Attorney's Office.

Lobins also agreed to pay $966,045 in restitution to his victims as part of the plea, the release says.

From 2019 through the end of 2023, Lobins solicited investments from six close friends, promising significant returns, the release says. He then gave them fake reports that showed supposed growth of their investments.

Any time one of the victims tried to withdraw their money, Lobins said he was sending it over a wire transfer, according to the release. None of them ever actually received their m

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