Denver Investment Funds Manager Pleads Guilty to Fraud and Theft

DENVER — Denver District Attorney John Walsh announced today that Jason Lobins, the founder of The Lobins Group, LLC, was sentenced today to 6 years in prison. In March, Lobins pleaded guilty to one count of Securities Fraud and one count of Theft. He also agreed to pay $966,045 in restitution to his victims.

Between April 2019 and December 2023, Lobins solicited investments from six known victims (all of whom were his personal friends or acquaintances), promising significant returns. He then provided fraudulent reports showing the supposed growth of the investments. In many cases, when victims tried to withdraw their investments, Lobins repeatedly indicated he was sending their money via wire transfer.  None of the victims ever received any of the money.

Lobins also issued the victims a number of promissory notes for specific investments, promising timely and significant returns. He failed to comply with the terms of those notes. Lobins ultimately walked away with at least $966,045, having never returned any of the victims’ original investments or their supposed profits. Investigators later learned that Lobins had deposited the victims’ money into his personal bank accounts and spent the money for personal expenses.

“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 DA Walsh. “I want to thank the prosecutors, investigators and victim advocates in my office, as well as the investigators with the Colorado Division of Securities, whose outstanding work brought about the successful resolution of this case.”

Chief Deputy District Attorney Ashley Beck and Chief Deputy District Attorney Kate Horton led the prosecution team for the Denver DA’s Office.

Lobins’ arrest affidavit (which includes crimes committed against two of the victims) and booking photo can be found by clicking on this link and scrolling to the bottom of the document.

About the Denver DA’s Office:

The mission of the Denver DA’s Office is to protect the community, to seek equal justice for all, and to improve the quality and fairness of criminal justice on behalf of the people of Colorado.  We achieve that mission through excellence in our work investigating and prosecuting crime, supporting victims and their families, working with the community to prevent crime, and providing fair alternatives to incarceration in appropriate cases.

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