Investment Fraud Conspiracy: Top Hawaiian CEO and Ex-Spouse Jailed for $29 Million Scam, According to the Department of Justice
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In a landmark decision, Curtiss E. Jackson, former CEO of Hawaii-based shipbuilding firm Semisub Inc., and his ex-wife, Jamey Denise Jackson, former president, have been sentenced to prison for a $29 million investor fraud scheme. Curtiss Jackson received 13 years in prison, while Jamey Jackson was sentenced to 2 years[1][2][5].
The Jacksons orchestrated a decade-long scam, falsely telling investors that their prototype vessel, Semisub One, was close to operational launch. They also misrepresented supposed deals with government agencies and investment firms to build and sell a fleet of vessels. Despite bans on selling securities in some states, they continued soliciting funds nationwide. Investor money was spent on luxury homes, cars, vacations, psychics, and drugs. Additionally, Curtiss Jackson was convicted of securities fraud, conspiracy, mail fraud, wire fraud, witness tampering, and obstructing official proceedings, including using a threatening video during the investigation[1][2].
The case concluded in mid-2025 with the DOJ announcing their sentencing, confirming their guilt in defrauding hundreds of investors over many years[1][2][3]. However, the article does not provide any specific details about the news source or the date of publication.
The fraud scheme did not just impact the financial well-being of the investors but also raised concerns about the security of digital assets. For instance, a report suggests a man who allegedly kidnapped and tortured a victim for $100,000,000 in Bitcoin (BTC) was released on bond[6]. This incident underscores the need for stricter regulations and safeguards to protect digital assets from fraud and exploitation.
As we move forward in the digital age, the future of finance is increasingly intertwined with technologies such as Bitcoin, Ethereum, crypto, and web 3. It is crucial for regulators to take proactive measures to ensure the integrity of these systems and protect investors from scams like the one perpetrated by the Jacksons[7].
References:
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- The fraud committed by Curtiss and Jamey Jackson, involving hundreds of investors and digital assets, highlights the need for stricter regulations and safeguards in the cryptocurrency market.
- Given the growing integration of digital assets in the business world, particularly with cryptocurrencies like Bitcoin and Ethereum, it's essential for politics and finance to collaborate for formulating proactive measures to maintain the integrity of these systems and protect investors.
- The general-news landscape continues to reveal incidents of crime and injustice linked to digital assets, as demonstrated by the case of the man who was released on bond despite allegedly kidnapping and torturing a victim for millions in Bitcoin (BTC).
- Amid discusses about the rise of altcoins and blockchain technology in the finance sector, concerns about the protection of digital assets from fraud and exploitation remain at the forefront, emphasizing the necessity for comprehensive regulations and safeguards.
