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The Independent UK
The Independent UK
National
Katie Hawkinson

Investment adviser facing jail over Ponzi scheme swindling clients including Catholic priests group out of $94M

A Florida man has pleaded guilty to charges stemming from a years-long Ponzi scheme that defrauded international investors out of more than $94 million, prosecutors said.

Andrew Hamilton Jacobus, a 64-year-old from Fort Lauderdale, pleaded guilty to wire fraud and money laundering charges on November 14, according to the U.S. Attorney’s Office, Southern District of Florida. Jacobus carried out the scheme between 2004 and 2023, prosecutors said.

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