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,
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