Overview

• Jason Rodriguez, 38, was sentenced in Brooklyn federal court on Sept. 10 after pleading guilty in November 2024 to wire fraud conspiracy.
• Judge Ramon E. Reyes Jr. imposed a 36‑month prison term and ordered $748,394 in forfeiture along with $2,305,256 in restitution.
• Prosecutors said Rodriguez and co-conspirator Edwin Carrion raised more than $4 million from over 20 investors for Technical Trading Team through false promises of 18%–24% annual returns.
• Promised safeguards—such as a loss reserve, 1% exposure limits, and no overnight positions—were ignored, including a trade held from February 2021 to April 2022 that lost over $150,000, about 12.6% of assets.
• Once trading profits fell short, Rodriguez used new investor funds to pay earlier clients, and prosecutors sought 6.5 to 8 years as the defense argued lack of initial fraudulent intent; Carrion has pleaded guilty and awaits sentencing.