Florida Investment Advisor Andrew Jacobus Arrested for Alleged $94 Million Ponzi Scheme
The White Law Group is currently investigating potential securities claims involving former Florida investment advisor Andrew Hamilton Jacobus, following serious fraud allegations and recent criminal charges.
According to the U.S. Attorney’s Office for the Southern District of Florida, Jacobus was arrested on July 18, 2025, after being indicted on multiple counts of wire fraud and money laundering. Prosecutors allege that Jacobus defrauded dozens of investors—including elderly Venezuelan nationals and Catholic dioceses—out of more than $94 million.
Ponzi-Like Scheme Through Multiple Firms
The indictment claims Jacobus operated a long-running Ponzi-like scheme through several entities he controlled, including:
- Finser International Corporation
- Kronus Management
- Kronus Financial Corp.
- Serfincorp Asset Management
These firms were based in Miami and allegedly used to solicit investments in high-yield securities such as certificates of deposit and IPO-related funds. Instead, Jacobus reportedly used investor funds to pay earlier investors and fund his personal lifestyle, including luxury vehicles, travel, real estate, and mortgages.
SEC Charges: Falsified Statements and Misappropriated Funds: Andrew Jacobus
In May 2025, the SEC filed a civil enforcement action against Jacobus and his companies, alleging they misappropriated over $17.3 million from at least 40 clients from 2015 to 2024.
The SEC alleges Jacobus:
- Falsely promoted limited partnership interests in the Corfiser SIMI Fund (also called the Kronus High Yield Fund)
- Provided fake account statements and forged documentation
- Used investor capital to pay off others and cover personal spending
According to FINRA’s BrokerCheck, Jacobus was registered with Finser International Corporation from 2010 to 2021. His record includes:
- A pending SEC civil complaint (2025)
- A final bankruptcy (2024)
- A prior SEC sanction (2020) for violations of the Investment Advisers Act, including the Custody Rule
Potential for FINRA Arbitration Recovery
While criminal penalties and SEC enforcement actions may hold Jacobus accountable, they rarely result in full restitution for investors. However, those who invested through a third-party adviser or broker-dealer may have alternative recovery options through FINRA Arbitration.
The White Law Group is reviewing whether advisory firms failed to supervise Jacobus or made unsuitable recommendations involving:
- Corfiser SIMI Fund (Kronus High Yield Fund)
- Finser International Corporation
- Kronus Management
- Serfincorp Asset Management
Contact a Securities Fraud Attorney Today
If you have concerns about your investments with Andrew Jacobus or any affiliated firm, please contact us for a free case evaluation.
Call 888-637-5510 or visit www.whitesecuritieslaw.com to learn more about your legal options.
Last modified: July 22, 2025
