{"id":58832,"date":"2025-11-24T14:50:09","date_gmt":"2025-11-24T14:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/58832\/"},"modified":"2025-11-24T14:50:09","modified_gmt":"2025-11-24T14:50:09","slug":"fort-lauderdale-financial-advisor-pleads-guilty-to-94-million-international-investment-fraud-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/58832\/","title":{"rendered":"Fort Lauderdale Financial Advisor Pleads Guilty to $94 Million International Investment Fraud Scheme"},"content":{"rendered":"

A Fort Lauderdale man pleaded guilty on Nov. 14 to charges arising from a years-long scheme that defrauded international investors\u2014primarily Venezuelan nationals\u2014of more than $94 million.<\/p>\n

According to court documents, Andrew Hamilton Jacobus, 64, falsely portrayed himself as a seasoned financial advisor managing legitimate investment portfolios, while misappropriating investor funds for personal use and to pay returns to earlier investors in classic Ponzi-scheme fashion.<\/p>\n

Between 2004 and 2023, Jacobus solicited funds through entities under his control, including Kronus Financial Corporation and Finser International Corporation, promising access to secure\u00a0investment products and high-yield returns. In reality, Jacobus forged account statements, falsified documentation, and diverted client funds to luxury personal expenditures and Ponzi payments.<\/p>\n

Jacobus pleaded guilty to wire fraud and money laundering. He faces a maximum penalty of 20 years in federal prison for each count. A federal district court judge will determine a sentence after considering the U.S. Sentencing Guidelines and other statutory factors.<\/p>\n

U.S. Attorney Jason A. Reding Qui\u00f1ones for the Southern District of Florida and Special Agent in Charge Ronald A. Loecker of the IRS Criminal Investigation (IRS-CI), Florida Field Office, made the announcement.<\/p>\n

\"\"<\/a><\/p>\n

IRS-CI is investigating the case.<\/p>\n

Assistant U.S. Attorney Robert F. Moore is prosecuting. Assistant U.S. Attorney Mitch Hyman is handling asset forfeiture.<\/p>\n

\u00a0<\/p>\n

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