The Co-Founders Of 5Linx Have Been Arrested And Are Now Facing Criminal Charges

5Linx ReviewIf you’ve been paying attention lately, you’ll notice that 5Linx has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point. But then you’ve been also been hearing some troubling rumors about the co-founders being arrested and charged with crimes.

I do want to let you know that I am NOT affiliated with 5Linx as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my 5Linx Review.

Is 5Linx a legit business, or is it a complete scam? Why were they co-founders arrested?

Should you try to build a business with it?

I tell you all about it in my Review of 5Linx.

Read below to find out more.

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What Is 5Linx?

5Linx’s CEO (Craig Jerabeck) and past partners for the company (Jason Guck and Jeb Tyler) have finally come to a head in their continued bickering and argumentation. The Department of Justice has officially filed criminal charges against 5Linx’s co-founders, and this is easily one of the biggest developments for this particular case yet.

Jerabeck, Guck, and Tyler were all faced with warrants for their arrest early last week, and this was a move that followed criminal complaints being issued for all men back on March 21. Prior to this in January, both Tyler and Guck sued Jerabeck for a breach of contract within the company.

For those who aren’t familiar, Craig Jerabeck was previously acting as the CEO and President of 5Linx right up until this past September. However, after his departure from the company, it was discovered that Jerabeck was stealing affiliates from 5Linx in order to get them to join his new venture — Paycation.

This is when Guck and Tyler decided to throw the breach of contract suit against Jerabeck, but he tried to deny these claims by saying that the affiliates for 5Linx were “independent contractors” and that they were simply acting on their own will and right.

Despite Jerabeck’s rebuttals. a court hearing in December of 2016 saw Jerabeck ordered to cease and desist with any operations of trying to recruit 5Linx affiliates into his Paycation opportunity.

As if that wasn’t enough, Jerabeck made the decision to bring of allegations against both Guck and Tyler for supposed financial fraud.

In regards to this statement, Jerabeck claimed that Tyler and Guck were not being truthful when speaking to “would-be lenders about the company’s financial standing.”

This claim definitely appears to have some value to it seeing as how all three men have since been arrested, but it’s incredibly interesting that Jerabeck is the one who would make such a claim when it ended up with him getting thrown in the slammer as well.

Along with this, there is a bit of copy going around from an agent from the FBI that reads as follows —

“The defendants engaged in multiple schemes to defraud investors by diverting company money away from 5Linx and hiding it in accounts controlled by and for the benefits of the defendants.

Beginning in approximately 2009 and continuing until at least May 2015, without the knowledge, permission, or authorization of the investors, the defendants created, and inserted fraudulent contracted representatives into the 5LINX direct sales team in order to make additional income in excess of their compensation plan.

For the purpose of executing the scheme and artifice, the defendants set up fraudulent 5LINX independent contractor accounts under multiple company names which were actually controlled by the defendants individually or together.

These shell companies were utilized in order to conceal the real owner’s information from employees and the investors.”

In addition to this, the FBI statement goes on to say that, “The defendants caused millions of dollars to be diverted from 5LINX into the defendants’ personal bank accounts or onto debit cards personally owned by the defendants without the knowledge or approval of the investors.”

5Linx Scam

The main issue here is that, if those millions of dollars were actually flowing through 5Linx, the co-founders were putting it into their own personal accounts rather than letting it circulate through the company and to its affiliates.

Just how did Jerabeck, Tyler, and Guck steal so much cash from unsuspecting individuals though?

Whenever people who were supposedly making money with 5Linx decided to leave the company, all three men then took these vacant affiliate positions and then moved them over to one of their many shell companies.

There are tons of these shell companies in existence, but one of the most popular and active ones goes by the name of It’s About Time (also referred to as IAT).

Here’s what the FBI statement has to say about it —

“$1.1 million was wired into a Citizens Bank account with the authorized signer listed on the account as defendant JERABECK.

The remaining $6.5 million was wired into another account in the name of Telecom Broker Network (TBN).

Per Department of State business records, a company bearing the name Telecom Broker Network has defendant JERABECK listed as the sole officer.”

There are a few other shell companies that popped up throughout the statement, but in the interest of time, what’s the main final word here?

On March 23 this past week, a bond of $100,000 was set in place (with travel restrictions) for Jerabeck, Tyler, and Guck.

May 5 is the current date for when a Status Conference is set to take place, and this will likely be when we get the next major update on this situation.

Any Truth To The 5Linx Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is 5Linx a scam?

From reading above, you might already be thinking 5Linx is a scam.

So, is it?

Is there a 5Linx scam, or is it legit?

To be honest, 5Linx isn’t in big trouble.

See my tips below for helping to make money.

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And Now, My 5Linx Conclusion

 

I hope you have gained value from my 5Linx Review.

I have put all the details you need to know here, because all other reviews of 5Linx have been fairly limited with details.

If you do decide to proceed with 5Linx or any business, you’ll find my free training helpful – I will show you how to make money online.

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