Judge in Miami sentences ex-financial adviser to 20 years after feds identify $94M Ponzi scheme

MIAMI — A 64-year-old man who federal investigators said defrauded more than 150 victims — including elderly Catholic priests in Venezuela and members of his own family — was sentenced to 20 years in prison.

U.S. District Judge Jacqueline Becerra sentenced Andrew Hamilton Jacobus, a former financial adviser, on Thursday at the Wilkie D. Ferguson, Jr. U.S. Courthouse in Downtown Miami.

“Greed was Jacobus’s greatest tool — paired with a computer and a phone, it fueled a scheme that stole millions and shattered lives,” Ron Loecker, the special agent in charge of the IRS Criminal Investigation’s Florida field office, said in a statement…

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