A Florida man will serve more than four years in prison for running a multimillion-dollar real estate fraud that deceived investors out of their funds, federal officials revealed.
Joshua Thomas Jackson, 41, of Palm Bay, was sentenced to 51 months in federal prison on October 15, 2026, by U.S. District Judge Sean D. Jordan of the Eastern District of Texas. Jackson has already pled guilty to money laundering charges related to the conspiracy.
According to court records, Jackson formed corporate companies to promote real estate deals to potential investors.
He informed victims that their monies would be used to purchase land, fund ventures, or acquire and restore dilapidated homes. Jackson guaranteed investors that their principal was safe, that his operations were successful, and that their funds would be returned within the agreed-upon timeframe.
Instead, Jackson pocketed the money. According to federal prosecutors, Jackson’s operations cost real estate owners over $2.8 million, despite collecting more than $3 million from victims.
“Investor fraud is a destructive crime that causes significant losses throughout our country,” U.S. Attorney Jay R. Combs stated. “Together, with our partners at the FBI, we will continue to investigate and prosecute this type of fraud in the Eastern District of Texas, bring justice to these perpetrators, and seek restitution for victims.”
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