A man who spent nearly a decade in federal prison for running a phony investment scheme in San Diego has been arrested again for allegedly starting a similar scam while on home confinement in Sacramento. Jaswant “Jason” Singh Gill, 57, faces a felony wire fraud charge for a scheme prosecutors say began in May 2024 while he was serving the final months of a nearly 9-year federal sentence at his sister’s house.
Gill was also charged with violating his probation, which prohibited him from working with investments or engaging in criminal activity. He previously pleaded guilty in 2017 to over a dozen counts of wire fraud through JSG Capital Investments, a San Diego-based company that defrauded investors of more than $5 million.
According to prosecutors, while Gill was still in federal custody in October 2023, a company called Kismet Capital Partners was registered, later listing Sacramento as its address. He allegedly served as CEO, controlled its bank accounts, and marketed investment services to new investors. Within a year, he reportedly swindled one investor out of nearly $800,000, using the funds for luxury items, dinners, a personal driver, and payments to third parties.
Federal probation reports note that Gill falsely claimed he was working full-time at a 7-Eleven and a restaurant while engaging in the fraudulent activity. Probation officer Miriam Olea recommended he be held without bail. Gill is currently in Sacramento County Main Jail, and his next court date has not yet been scheduled.
