Hawaiian CEO and His Former Wife Sentenced for $29,000,000 Investment Fraud Scheme: DOJ

The formerly married CEO and President of a Hawaii-based shipbuilding firm have received a combined 15-year prison sentence for a $29 million investor fraud scheme.

According to the U.S. Department of Justice (DOJ), Curtis Jackson and his ex-wife, Jamey Jackson, have been sentenced for fraud due to their connection with Semisub Inc.

“According to court documents and evidence presented at trial, Curtiss E. Jackson, 72, of Honolulu, Hawaii, and Jamey Denise Jackson, 62, currently of Cochester, Conneticut, and formerly of Honolulu, who were respectively Semisub’s CEO and President, falsely told investors for years that the prototype vessel, Semisub One, was ‘weeks’ or ‘months’ away from beginning operations.”

After making false statements to investors, Curtiss Jackson, former CEO of Semisub, and Jamey Jackson, former Semisub President, used the wrongly-acquired funds to pay for drugs, psychics, mansions and luxury cars.

Furthermore, during the investigation, Curtiss Jackson used a Soprano’s clip to threaten his ex-wife in a video titled “Death to FBI Informants”.

“In May 2024, Curtiss Jackson was convicted of securities fraud, conspiracy, mail fraud, wire fraud, witness tampering, and obstructing an official proceeding while on pretrial release.

In January 2023 Jamey Denise Jackson pleaded guilty to conspiracy to commit mail fraud and wire fraud.”

Curtiss Jackson received a 13-year prison sentence for his involvement, while Jamey Jackson received two years.

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