Attorneys for an ex-Navy SEAL could not persuade a judge to reduce their client’s $1 million bail as he awaits trial on allegations of stealing from his military comrades.
Jason Mullaney, 42, was described by supporters as “a standup guy” after his court hearing in downtown San Diego Monday.
Prosecutors say Mullaney convinced 11 active and retired Navy SEALS and a family friend to invest in his money-lending business Trident Financial Holdings and Acquisitions.
A former friend says he invested $50,000 but received nothing in return.
At a pretrial hearing, an FBI investigator claimed Mullaney also transferred money from his business account to his personal account.
However, the ex-Navy SEAL denies the allegations and entered a not guilty plea Monday to the 29 felony allegations against him.
The defendant’s friend, Nick Hawks, said the case is all just a misunderstanding.
“He's always been a super hard charger. He’s always been a really good guy, always been the guy who can do everything and people look to as ‘Hey, can this guy help me out,’” Hawks said. “I think guys just got caught up in that and it went south”.
Mullaney’s attorney argued the military veteran was not a flight risk and served honorably in the U.S. Navy but the judge denied a bail reduction request.
Trial is set to begin September 2.