American charged for multi-million dollar property scheme laundered money through Belize accounts

: According to a report from the San Francisco Business Times, American real estate agent, Robert Jacobsen from California was sentenced on Tuesday September 4, 2018.

Jacobsen was sentenced to just over 6 years in prison for money laundering and wire fraud.

The United States Department of Justice informed that Jacobsen plead guilty to the charges in July after he admitted to creating a scheme to sell houses to unsuspecting buyers who were unaware that the homes had unpaid mortgages attached to them.

Jacobsen reportedly created a company to carry out his scheme and conned several unsuspecting buyers.

As a part of his scheme, Jacobsen sold two homes in California for $540,000, and another $1.2 million property.

Jacobsen laundered the bulk of the money through multiple bank accounts in the United States and Belize along with purchasing property and a yacht.