Former Filipino Chamber of Commerce President facing felony charges
Investigators say Jason Pascua raked in more than a million
Thirty-eight-year-old Jason Pascua was a pillar in the community.
He even ran a couple of companies, one called J2 Marketing Solutions and another called JP Productions.
He was a well-known kind of guy who was hip in the nightclubs and helped out in the community.
He was also a U.S. Army reservist, president of the Filipino Chamber of Commerce, marketing chair for the Japanese Chamber of Commerce, and candidate for House of Representatives District 48 in 2010.
He was the kind of guy no one thought would do this:
"He was soliciting money from people, telling people they'd get 30 to 50 percent returns on their money in just a few months for block concerts and night club promotions in Honolulu and Las Vegas," said FBI spokesperson Tom Simon.
He said those venues never happened.
In fact, the FBI said in a nearly three-year Ponzi scheme, Pascua scammed more than $1 million dollars out of 29 investors.
"I'm weak. I'm shaking," said Pascua's father Robert.
He said he knew his son was in a bit of trouble, but never suspected anything like this.
"Jason, you cannot use people’s money to make money. That's the only advice I gave him," he recalls telling his son last year.
Robert said despite his son's shaky business, he said he's good man, who is generous and kind.
He believes there are others who are the real criminals.
"To me he's a very soft, easy-going boy and people can take advantage of him," said Robert.
"Some stories are heartbreaking, none more heart breaking than the single mother who invested her entire savings of $225,000," said Simon.
It is the reality for dozens of victims, waiting and wondering, who will ultimately pay the price.
"It makes me more sick, and I can't do nothing. I just want to protect the rest of the family," said Robert.
Jason Pascua moved to Arizona in January, but investigators tell KITV Pascua agreed to return to the islands to plead guilty to one count of wire fraud, which holds a maximum 20-year sentence.
His court date is scheduled for late May 2013.
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