What is a Ponzi scheme used by Andrew Hamilton Jacobus?

A Ponzi scheme is a fraudulent investment operation where returns are paid to earlier investors with money from new investors, rather than from legitimate profits.

How much money did Andrew Hamilton Jacobus steal?

Andrew Hamilton Jacobus defrauded international investors out of more than $94 million through his Ponzi scheme.

What charges does Andrew Hamilton Jacobus face?

Andrew Hamilton Jacobus pleaded guilty to wire fraud and money laundering charges and faces up to 20 years in federal prison.

Home / Crime and Justice / Florida Man Admits $94M Ponzi Scheme

Florida Man Admits $94M Ponzi Scheme

29 Nov, 2025

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Summary

Florida man pleaded guilty to defrauding investors of $94 million.
Scheme victimized international investors, including a nonprofit.
The fraudster faces up to 20 years in prison and restitution.

Andrew Hamilton Jacobus, a 64-year-old from Fort Lauderdale, has pleaded guilty to wire fraud and money laundering charges connected to a sprawling Ponzi scheme. This elaborate fraud, spanning from 2004 to 2023, defrauded international investors of more than $94 million.

Prosecutors revealed that Jacobus preyed on several clients, primarily Venezuelan nationals. Among the victims was a nonprofit organization dedicated to the retirement and healthcare of Venezuelan Catholic priests. He misrepresented himself as a seasoned financial advisor, diverting investor funds for personal use and to sustain the scheme's facade.

Jacobus now faces up to 20 years in federal prison for each count. He is also mandated to repay his victims and assist in recovering the stolen funds, as his elaborate deception finally unravels.

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