Opinion ID: 4533869
Heading Depth: 2
Heading Rank: 2

Heading: The Wire Fraud

Text: Intex was a sham. In January 2007, Jackson registered the corporation and listed himself as sole shareholder and CEO. 1 Between January 2008 and January 2017, Jackson solicited and received several loans from multiple individuals. In soliciting these funds from investors, Jackson made fraudulent statements regarding investments Intex had 1 The corporation that Jackson listed in his bankruptcy petitions was “Intex Building Group, Inc.” PSR ¶ 20. The corporation that he registered in January 2007 was “INTEX Building Materials Group, Inc.” PSR ¶ 22. For purposes of this opinion, we refer to these entities collectively as “Intex.” 4 received from well-established, New York-based firms to finance Intex’s acquisition of companies that manufactured a variety of building products. In addition, he fabricated personal and business expenses and created email accounts and assumed false identities to obtain additional funds from investors in several states. Between 2007 and 2017, the victims of Jackson’s scheme lost $1.7 million. He used these funds to pay for personal expenses, including mortgage payments, his son’s tuition at the University of Pittsburgh, wire transfers to his mistress in Las Vegas, and satisfaction of his restitution obligation for his conviction in Virginia.