Owner of Atlas Valley Country Club charged with embezzling
UPDATE: (08/21/17) - A local financial adviser and owner of a Mid-Michigan golf course is charged with embezzling thousands from a client.
Forty-six-year-old Jason Bescoe was formally charged Saturday with embezzlement of $100,000 or more, which is a felony.
Police say it happened when a client approved a money transfer.
Bescoe allegedly instead took the $300,000 for himself.
Our cameras were at the Atlas Valley Country Club last month when the sheriff's department searched for evidence.
We were told this all began as a possible case of elder abuse.
"He weaved a web of deception by moving the money,” said Genesee County Sheriff Robert Pickell. “Putting it one place while telling the client is was somewhere else. We tracked it down and now he is in jail."
Bescoe faces up to 20 years in prison if convicted.
(07/19/17) - The Genesee County Sheriff's Office executed a search warrant at a golf course and money management company Tuesday morning as part of its investigation into a complaint of elder abuse.
The focus of the investigation has shifted to a possible Ponzi scheme, and there could be other potential victims.
The allegation involves a man who recently purchased the Atlas Valley Country Club in Atlas Township.
Sheriff Robert Pickell says he was contacted a few weeks ago by an attorney, whose client is the daughter of an elderly couple. She claims her parents had lost a significant amount of money, and as they investigated, the sheriff started to become suspicious.
Four search warrants, including one at Atlas Valley Country Club and Research Money Management, have been executed.
Pickell says a "high" lifestyle is partly what raised a red flag.
“Can't go into much detail, but I did give you a little bit of a hint when I talked about buying a country club, buying a house on a lake. A lifestyle perhaps that takes a considerable amount of money to finance,” he said.
The sheriff says they're reviewing his financial records and would like to hear from other people who may have invested with the country club owner. You can contact Detective Lt. Kariann Nelson at 810-257-3422 for more information.