Stock Photo - Handcuffs (copy)

Jonathan "Jay" Brooks, the Aiken man who swindled a great deal of money from investors and eventually pleaded guilty to three counts of securities fraud and two counts of forgery, will have a parole hearing Feb. 12, documents reviewed by the Aiken Standard show.

The hearing will be held in Columbia. In "the event of a favorable decision," a Jan. 6 announcement states, "the offender may be released into the community under parole supervision."

A parole hearing, according to the state's probation, parole and pardons department, is offered once a year for those convicted of nonviolent crimes, which fraud and forgery are.

In fiscal year 2019, the department had a 40% overall parole rate. That number was slightly higher for nonviolent offenders, and was far lower for violent offenders.

Jonathan 'Jay' Brooks

Jonathan "Jay" Brooks in 2017.

Brooks, now in his late 40s, is currently serving a 14-year sentence in Allendale County, according to an S.C. Department of Corrections database. He has moved facilities more than a dozen times – four times in 2019 alone.

Brooks was arrested in 2013. His bond was set at $500,000, as the Aiken Standard previously reported.

At the time, prosecutors said in one scheme Brooks persuaded people to invest in a fictional trust, and he, in turn, used the money for personal purchases. Another scheme involved a private school, Compass Academy, Brooks planned to launch in Aiken County.

The state corrections department lists Brooks's expected release date as April 8, 2021.

Colin Demarest covers the Savannah River Site, the U.S. Department of Energy, the National Nuclear Security Administration and government in general. Follow him on Twitter: @demarest_colin