CEO Convicted in Shipbuilding Scheme

On Thursday, 71-year-old Curtiss E. Jackson was convicted of a long-running scheme that bilked investors out of millions over a fraudulent boatbuilding and cruise business. Jackson and his wife, Jamey Jackson, owned Semisub Inc, a shipbuilding firm in Hawaii. Both sought investment in the company and for more than ten years told financial backers that the prototype vessel, the Semisub One, was just months, even weeks away from starting operations.