Mpls. Man Accused of Hiding Trevor Cook’s Assets

Federal prosecutors have charged a local man for allegedly lying to investigators and for hiding assets that belonged to convicted Ponzi schemer Trevor Cook.

Jon Jason Greco, a 40-year-old man from Minneapolis, has been charged for concealing assets of convicted Ponzi schemer Trevor Cook and lying to federal agents, the Minnesota's U.S. Attorney's Office said Wednesday.

Greco is charged with two counts of making false statements to federal agents, according to an indictment that was unsealed on Wednesday.

Trevor G. Cook pleaded guilty last April and in August received the maximum allowable sentence of 25 years for running a $190 million Ponzi scheme that defrauded more than 1,000 investors.

Under the terms of Cook's plea agreement, he agreed to turn over all proceeds from the fraud scheme. According to the U.S. Attorney's Office, Greco obtained about $10,000, some foreign currency, and precious metal coins-all of which belonged to Cook-in April 2010. When interviewed by federal investigators, Greco allegedly lied about the assets. And in July, law enforcement seized about $150,000 in assets from a locker at the Mall of America; Greco allegedly claimed that the assets belonged to him, when in fact, they were Cook's.

According to a report by the Star Tribune, Greco is an Iraqi war veteran who was a friend of Cook's brother Graham Cook, and worked briefly at the Van Dusen mansion as a security guard prior to being deployed. When Greco returned from the war in January 2010, he allegedly helped Graham Cook hide the assets. Greco on Wednesday requested a public defender, stating that he's currently unemployed and only has $310 in the bank, the newspaper reported.

Greco faces up to five years in prison for each of the two counts.