A married couple who owns a Hawaii-based shipbuilding firm has been charged for devising and finishing up a a long time-lengthy fraud scheme that netted them tens of millions of {dollars}, the US Justice Department of mentioned on Tuesday
WASHINGTON (UrduPoint News / Sputnik – twenty fifth October, 2022) A married couple who owns a Hawaii-based shipbuilding firm has been charged for devising and finishing up a a long time-lengthy fraud scheme that netted them tens of millions of Dollars, the US Justice Department of mentioned on Tuesday.
“Curtiss E. Jackson, 69, of Honolulu, Hawaii, and Jamey Denise Jackson, 59, currently of Lake Worth, Florida, and formerly of Honolulu, allegedly engaged in a scheme to fraudulently obtain money by deceiving purchasers of Semisub securities about the company’s business and operations, including its revenue and expenses,” the Justice Department mentioned in a launch.
The indictment alleges that the Jacksons would use funds raised from the sale of securities to develop and construct a fleet of semi-submersible vessels for tourism and different industrial functions and raised greater than $28 million from greater than 400 traders, the discharge mentioned.
The two are charged with securities fraud, conspiracy, mail fraud and wire fraud, the discharge mentioned.
Curtiss Jackson made his preliminary court docket look on Monday within the US District Court for the District of Hawaii and his spouse did the identical within the US District Court for the District of Connecticut, the discharge added.
Each cost carries a most penalty of 20 years in jail, in keeping with the discharge.
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