Fort Lauderdale’s Andrew Hamilton Jacobus, 64, is in custody for orchestrating a massive Ponzi scheme that bilked international investors out of over $94 million. The charges, including wire fraud and money laundering, stem from the years-long con targeting primarily Venezuelan nationals.
Jacobus, who posed as a seasoned financial advisor, allegedly misrepresented his abilities and misappropriated investor funds for personal gain. His entities, Kronus Financial Corporation and Finser International, promised high-yield returns while Jacobus funneled money into luxury goods and unrelated ventures.
The U.S. Attorney’s Office for the Southern District of Florida and the IRS Criminal Investigation unit led the investigation. If convicted, Jacobus faces up to 20 years in prison per charge, along with asset forfeiture and restitution.
According to authorities, Jacobus used forged documents and account statements to dupe investors, a tactic all too familiar in Ponzi schemes. The scheme spanned from 2019 to 2023 before federal agents arrested him without incident.
Jacobus’s court appearance marks the beginning of what could be a lengthy legal battle, with Assistant U.S. Attorney Robert F. Moore handling the prosecution.
For more information and updates on this case, visit www.usdoj.gov/usao/fls or http://pacer.flsd.uscourts.gov, under case number 25-cr-20309.
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Key Facts
- State: Florida
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: Official Source ↗
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