Prosecutors say 57-year-old Craig Jerabeck and 5LINX co-founders Jeb Tyler and Jason Guck received more than $2.3 million from a Florida company that they failed to report to 5LINX investors -- violating a shareholder agreement.

A former owner of 5LINX, a Rochester-based company, faces up to 20 years in prison after pleading guilty in a fraud case.

Prosecutors say 57-year-old Craig Jerabeck and 5LINX co-founders Jeb Tyler and Jason Guck received more than $2.3 million from a Florida company that they failed to report to 5LINX investors -- violating a shareholder agreement.

Jerabeck also lied on his tax returns in 2011 through 2013 and 2015, according to prosecutors.

“For many years, this defendant consistently lied to vendors, creditors, and stockholders, as he systematically lined his pockets with millions of dollars meant for those who invested in his company,” wrote U.S. Attorney James Kennedy in a statement. “In addition, the defendant lied to the Internal Revenue Service and defrauded American taxpayers by failing to pay tens of thousands of dollars owed in taxes. Today’s plea should serve as a reminder to those who seek to enrich themselves through acts of dishonesty and fraud that their gains will be short-lived. This Office, together with our law enforcement partners, will work tirelessly to ensure that the final return paid to those who engage in financial fraud will be justice in the form of a federal prison sentence.”

As part of the plea agreement, Jerabeck will forfeit his home on East Lake Road in Middlesex.

Guck formerly owned lake property in Canandaigua, off of County Rd. 16. According to realtor.com, that property was sold for over $1.4 million back in December.

Prosecutors say charges are pending against Tyler and Guck.