Jon Harder Sentenced to 15 Years in Prison in Oregon’s Largest Investor Fraud Case in History

Posted on December 21st, 2015 at 2:14 PM
Jon Harder Sentenced to 15 Years in Prison in Oregon’s Largest Investor Fraud Case in History

From the Desk of Jim Eccleston at Eccleston Law LLC:

In early January 2015, Harder plead guilty to one felony count of mail fraud and one felony count of money laundering in Portland, Oregon. He admitted to lying to more than 50 investors to obtain more than $5 million between late 2007 and February 2008. As the controller of Sunwest Management, a nationwide collection of assisted living facilities, Harder fraudulently promised investors that their money would go towards specific facilities while the money payed his personal expenses and the business expenses of other Sunwest entities.

The government agencies involved with investigating the case felt that the scope of fraud to which Harder admitted was far greater. In a trial beginning in May of 2015 prosecutors proved that he defrauded more than 1,000 investors to the tune of at least $120 million. Harder was allegedly supporting his failing Sunwest Management and his lavish lifestyle through laundering investors’ funds. As far back as 2006, Sunwest was losing millions while Harder ensured investors of the success of the business and healthy returns.

In mid-November sentencing was heard from US District Judge Michael Simon. The defense asked for 5 years, but Harder was sentenced to 15 as per the request of the prosecution. A hearing to decide the matters of retribution to investors is schedule for early next year. Special Agent in Charge Teri Alexander of IRS Criminal Investigation was relieved to serve justice to Harder “whose greed erodes the trust and pilfers the resources of would-be investors.”

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, FINRA, Eccleston, SEC, FINRA, RIA, Sunwest

Return to Archive



Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.


October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.