google-site-verification=c5jmbe3Z58CqGDU8xGRhtEEbLr7QlySbG_IoVolrBbg ... ...
top of page
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • TikTok
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • TikTok
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • TikTok

Semisub's CEO, Resident of Honolulu, Convicted for Over $28M Investment Fraud Scheme

Jackson and his accomplice utilized investor funds to purchase upscale properties in Hawaii and California, a Mercedes-Benz car, extravagant trips, psychic services, and marijuana as part of their scheme.



Yesterday, a federal jury found a man from Hawaii guilty for his involvement in a long-running scam that swindled investors of Semisub Inc. and Semisub LLC out of more than $28 million.


Court documents and evidence presented during the trial revealed that Curtiss E. Jackson, a 71-year-old resident of Honolulu, not only served as Semisub's CEO but also held various other corporate positions. He deceitfully sought investments in Semisub, misleading investors for years by falsely claiming that the prototype vessel, Semisub One, was on the verge of commencing operations within a matter of "weeks" or "months."


In addition, Jackson deceitfully sought financial contributions by making untrue claims that Semisub had forged partnerships with government agencies and a private investment firm to construct and market a collection of "Semisubs" worth millions of dollars. These were just a few of the many falsehoods he propagated. As part of their elaborate plan, Jackson and his partner-in-crime misused investor funds to indulge in lavish lifestyles, including luxurious homes in Hawaii and California, a fancy Mercedes-Benz, extravagant vacations, psychic consultations, and even marijuana.



Jackson not only sent a death threat to his co-conspirator while under investigation, but he also included a link to an online video titled “Death of FBI Informants” in the text message. The video featured scenes from a TV show showing the demise of characters who had worked with the FBI. Additionally, Jackson tried to evade an official proceeding by trying to escape the country on the Semisub One, which was facing criminal forfeiture, just a day before his bond revocation hearing.


Jackson was found guilty by the jury on multiple charges including securities fraud, mail fraud, wire fraud, witness tampering, and obstructing an official proceeding. His sentencing is set for Sept. 23, with a potential maximum penalty of 20 years in prison for each offense, plus an additional 10 years for committing a crime while on pretrial release. The final sentence will be determined by a federal district court judge, taking into account various factors including the U.S. Sentencing Guidelines.





THANK YOU FOR YOUR TIME




DISCLAIMER


The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of The Steven Wick Blog. Any content provided by our bloggers or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.

If you decide to purchase any item using our authorized referral/affiliate links, be aware, we may receive a portion of the sales as commission, i.e. if you purchase a product/service.


To shop, select or click buttons, links or images, you will be redirected to product pages. Please, carefully research before you purchase. Feel free to share and leave a comment, we would love to hear from you. Your feedback is very important to us.


For more like this, music, literature, news, fashion, savvy political commentary, and fascinating features, sign up for the Steven Wick News Letter.


We here at the Steven Wick Blog are so proud of our work, we’d like to thank you for being a part of our community. However, our mission to share so much from music, literature, lifestyle to fashion is a 24/7 undertaking! We need your help to continue our work. Your financial donation will help us not only keep the lights on, but enable us run many more stories in the future to come. DONATE HERE







Message Of Gratitude


We deeply appreciate your contribution in making our blog the top brand among customers.


Without you as our readers, we wouldn't have achieved this level of success. Your satisfaction is our utmost priority, and we assure you that we will always be a reliable source for your entertainment needs.


Your trust in us is invaluable, and we are grateful for your generous donations as our readers.


A number of you took an extra effort and opted to contribute as monthly donors. By doing so, your generous contribution is multiplied by twelve throughout the year, thereby amplifying the impact you have on our work. Your dedication truly makes a significant change, and we sincerely appreciate your valuable support.


Your support has been instrumental in our brand's success.


Thank you for being with us throughout the past year.

As we continue to grow and enhance our business, we pledge to prioritize your needs and interests.


Best Regards


The Steven Wick Team




Comments


bottom of page