Posted: Sunday, September 9, 2018. 10:39 am CST.
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.
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