Jasiel Correia Net Worth: Estimate, Assets, Liabilities 2026

Jasiel Correia's estimated net worth as of 2026 is effectively near zero or negative, likely falling somewhere between -$600,000 and $0 once documented legal liabilities are weighed against any remaining assets. His mayoral salary of roughly $118,600 per year was his primary documented income stream, but federal court orders requiring forfeiture of $566,740 and restitution of at least $310,240 to investors, combined with a six-year federal prison sentence that began in April 2022, make it extremely unlikely he holds any meaningful positive net worth today.

Net worth estimate and what we know for certain

The honest answer is that Correia's financial position is defined more by what the federal government is owed than by any assets he accumulated. Courts documented proceeds traceable to his convictions at $566,740 (the forfeiture motion), ordered restitution of $310,240 to five SnoOwl investors, and prosecutors separately noted an IRS restitution figure around $20,473. Those three items alone represent roughly $900,000 in documented obligations. Against that, his primary provable income source was a public salary that never exceeded roughly $119,000 annually. We place his best-estimate net worth in the range of -$600,000 to $0, acknowledging real uncertainty about whether any forfeiture or restitution has actually been collected and whether undisclosed assets exist.

Quick facts at a glance

How we built this estimate

Unlike celebrities whose wealth flows from clearly documented contracts and royalties, Correia's financial picture is constructed almost entirely from public-record sources rather than voluntarily disclosed filings. Here is what we consulted and how reliable each source is.

• City of Fall River FY2018 Proposed Budget (municipal payroll detail): provides Correia's exact base salary as a public employee — one of the most verifiable data points in the entire profile.
• GovSalaries public payroll aggregator: corroborates the 2019 salary figure of $118,566, consistent with the budget document.
• U.S. Department of Justice (District of Massachusetts) press releases dated September 21 and September 29, 2021: the primary source for forfeiture amounts, investor loss figures, and the breakdown of how SnoOwl funds were spent.
• United States' Motion for Order of Forfeiture (Case No. 1: 18-cr-10364, Docket No. 296, filed September 7, 2021): the court filing that establishes the $566,740 money-judgment figure from the prosecution's own calculation of traceable proceeds.
• Judge Douglas P. Woodlock's Memorandum and Order (April 4, 2022): the post-sentencing judicial memorandum confirming which counts survived the judgment-of-acquittal motions and the final sentencing terms.
• Boston Globe reporting (September 28, 2021): the source for the $310,240 restitution order to five SnoOwl investors.
• CommonWealth Beacon and OCPF (Office of Campaign and Political Finance) reporting: documents the legal-defense fund and the $20,000 donation from marijuana-dispensary principals.
• Associated Press / Boston.com (November 29, 2022): confirms First Circuit affirmance of remaining convictions, closing off meaningful appeal pathways.
• Boston Globe background reporting (October 22, 2018) and Fall River Reporter trial coverage: provides timeline context for SnoOwl and 1ZERO4 Business Academy.

We did not find any personal financial disclosure statements filed by Correia as mayor (Massachusetts does not require a full public disclosure of personal assets for municipal officials), nor any bankruptcy filings, probate records, or mortgage records in the public domain that would independently value real estate holdings. The estimate therefore relies heavily on the court record, which is detailed but covers liabilities far more thoroughly than assets.

Where the money came from: income sources broken down

Mayoral salary

Correia's most concrete income source was his City of Fall River salary. The FY2018 budget document shows a base of $118,688, with total compensation listed at $119,145 including minor line items. The 2019 public-payroll record shows $118,566, essentially flat year-over-year, which is typical for mid-sized Massachusetts municipalities. He served as mayor from January 2016 through September 2019, when Fall River voters recalled him. Over roughly 3.5 years in office, that salary line would have generated approximately $415,000 in gross pre-tax earnings. After federal and state income taxes, the net take-home would have been closer to $270,000–$290,000.

SnoOwl app and investor funds

SnoOwl was a local-deals smartphone application that Correia co-founded around 2013 while at Providence College, with the app publicly launched around May 2015. Seven investors put approximately $360,000 into the company. Trial reporting and court transcripts summarize prosecutors' and multiple witnesses' testimony that SnoOwl took in roughly $360,000 from seven investors and that Correia diverted a substantial portion (about $230,000) to personal and campaign uses SnoOwl raised roughly $360,000 from seven investors. Prosecutors established that Correia personally diverted roughly $230,000 of that investment, about 64%, to cover personal expenses: vehicle purchases, jewelry, designer clothing, travel, hotels, restaurants, casinos, adult entertainment, student-loan payments, campaign contributions, and charitable donations made in his own name. The diversion of these funds is what drove the wire-fraud charges. SnoOwl itself never generated documented revenue that would contribute positively to his net worth; the company was effectively a vehicle for personal spending rather than a legitimate income stream.

1ZERO4 Business Academy

The 1ZERO4 Business Academy was a local business incubator Correia founded and operated at 104 Anawan Street in Fall River. Business-directory listings and local reporting confirm his founding role. No publicly available revenue figures or audited financials for 1ZERO4 are on record, and the enterprise appears to have been small-scale, community-oriented, and pre-political in focus. It is unlikely to have contributed meaningfully to personal net worth beyond modest operating involvement.

Extortion proceeds and illegal income

Federal prosecutors established that Correia extorted marijuana-industry applicants seeking operating licenses in Fall River, extracting payments in exchange for favorable treatment. A legal-defense fund received a documented $20,000 donation from principals of an existing medical dispensary, as reported by CommonWealth Beacon with reference to OCPF records. The government's $566,740 forfeiture figure covers total proceeds traceable across the wire-fraud and extortion counts. These were illegal income flows, not legitimate assets, and courts treated the full amount as subject to forfeiture.

Consulting, appearances, and other income

There is no documented evidence in court filings, news reporting, or public records of Correia earning significant income from consulting contracts, speaking fees, or media appearances. Given that he was indicted in 2018, convicted in 2021, and imprisoned in 2022, opportunities for paid public appearances would have been severely constrained throughout the latter half of his adult professional life. We treat this income category as negligible for estimation purposes.

Assets and liabilities: what the record shows

The court record documents liabilities with precision but is largely silent on accumulated assets. Prosecutors focused on how money was spent (consumed on personal luxury and lifestyle items) rather than on assets that might have been retained. No real estate holdings, brokerage accounts, or other investment assets were identified in the public record as having been seized or subject to forfeiture orders.

The vehicles and personal property purchased with SnoOwl investor funds are documented in the trial record, but their current status (seized, sold, depreciated) is not specified in available public filings. Depreciation alone would make these items worth a fraction of their original purchase price. Overall, the liabilities column is far larger and better documented than the assets column, reinforcing the negative net-worth estimate.

Career and financial timeline

Legal judgments, fines, and what Correia owes

The federal court record against Correia is unusually specific about financial penalties, which is one reason this net-worth estimate carries more confidence than many public-figure profiles. Three distinct financial obligations were documented.

1. Forfeiture money judgment of $566,740: This figure represents the government's calculated total of proceeds traceable to Correia's criminal convictions across both the wire-fraud scheme (SnoOwl) and the extortion counts. The United States filed a formal motion for an in-personam money judgment in this amount on September 7, 2021 (Case No. 1:18-cr-10364, Docket No. 296). An in-personam money judgment attaches to the person, not to specific identified property, meaning the government can pursue future assets and income to satisfy it.
2. Restitution of $310,240 to five SnoOwl investors: Ordered by Judge Woodlock and reported by the Boston Globe on September 28, 2021. This is a separate obligation from the forfeiture; restitution goes to victims while forfeiture goes to the government. The five investors who received this restitution order were among the seven who collectively invested $360,000 in SnoOwl.
3. IRS restitution of approximately $20,473: Prosecutors included this figure in their sentencing submission, reflecting unpaid tax obligations on unreported income. The final court order's disposition of this specific figure was not confirmed in available public reporting at the time of writing, but prosecutors formally requested it.

Together these three items represent at minimum $877,000 in court-ordered and court-sought financial obligations. Collection status on money judgments entered against incarcerated defendants is notoriously difficult to track; the Bureau of Prisons collects a portion of prison wages (typically very small, often $25–50 per month) toward restitution obligations under the Inmate Financial Responsibility Program, meaning collection during incarceration is minimal. The bulk of these obligations would be pursued during and after supervised release. As of the current date (August 2026), Correia is approximately four years into a 72-month sentence, with release expected around April 2028. These judgments are not dischargeable in bankruptcy under federal law when tied to criminal convictions.

How reliable is this estimate?

Is this net worth figure accurate?

It is as accurate as the public record allows. The liability side of the ledger is documented to within a few thousand dollars because it comes directly from federal court filings and judicial orders. The asset side is the weak link: we have no personal financial disclosure, no bankruptcy filing, and no mortgage records to independently verify what, if anything, Correia owns. The -$600,000 to $0 range is conservative and reflects the genuine possibility that some small assets exist that are not captured in the public record.

Could this estimate change?

Yes, in a few ways. If restitution or forfeiture collection is publicly documented (for example, through a lien on property or a wage garnishment after release), the picture becomes clearer. If Correia earns income after completing supervised release and satisfies some obligations, the net worth could gradually move toward zero over time. A presidential pardon or clemency would not erase the civil money judgment or restitution orders, so those liabilities would remain regardless of any changes to the criminal record.

What was his primary source of legitimate income?

His mayoral salary, documented at approximately $118,600–$118,700 per year, was his only confirmed legitimate income source. The SnoOwl proceeds were a mix of fraudulently diverted investor funds and (before conviction) what Correia claimed was entrepreneurial activity. Courts found the personal-use diversion to be criminal, eliminating any legitimate-income characterization for the portion prosecutors identified.

How does Correia's situation compare to other public figures tracked here?

Most net-worth profiles on this platform track positive wealth accumulated through sports, entertainment, or business. For a contrast, see our profile on Steven Souza net worth for an example of a positive, athlete-based net-worth profile. For comparison with other public-figure financial profiles, see the Romario de Souza Faria net worth profile for an example of a sports figure’s documented assets and liabilities. Correia is a different kind of profile: a public official whose financial story is defined by legal destruction of accumulated wealth rather than by accumulation itself. For contrast, Brazilian footballers and entertainers in the same research silo, figures like Jairzinho and Romário de Souza Faria, built wealth through multi-decade careers with sponsorships, transfer fees, and post-career business ventures. Correia's arc is closer to a cautionary financial case study than a wealth-building one. For a contrasting profile of how legal and entertainment careers affect reported wealth, see Steven E. de Souza net worth. For additional context on how the site frames similar profiles, see the Sebastian De Souza net worth profile for a typical positive-wealth example that contrasts with Correia’s cautionary case.

Where did the $566,740 forfeiture figure come from?

This is the government's own calculation of criminal proceeds traceable across all conviction counts. It is larger than the $360,000 raised by SnoOwl investors because it incorporates proceeds from the extortion counts (the marijuana-licensing shakedown) in addition to the investor-fraud amounts. The motion for forfeiture was filed September 7, 2021, as a money-judgment motion rather than a specific-asset forfeiture, meaning the government is not limited to recovering identifiable items but can pursue any assets Correia holds now or in the future.