Floridian sentenced to federal prison, ordered to pay $2.8M in restitution for money laundering scheme in the Eastern District of Texas

PLANO, Texas – A Palm Bay, Florida man has been sentenced to federal prison for a money laundering scheme in the Eastern District of Texas, announced U.S. Attorney Jay R. Combs.

 

Joshua Thomas Jackson, 41, pleaded guilty to money laundering and was sentenced to 51 months in federal prison by U.S. District Judge Sean D. Jordan on October 15, 2026.

 

According to information presented in court, Jackson engaged in a scheme to defraud individuals using false representations and statements.  To facilitate the scheme, Jackson created business entities and marketed opportunities to invest in real estate development, purchases, and rehabilitation schemes. As Jackson carried out his scheme, he falsely represented that funds investors provided would be used to purchase real property or distressed residential properties, that the investors funds were secure and would be repaid within a defined period of time, and that his business activities and the victims’ investments were secure and profitable. During the period of his scheme Jackson received over $3 million from investors and caused losses to investors exceeding $2.8 million.

 

“Investor fraud is a destructive crime and causes significant losses across our nation,” said U.S. Attorney Jay R. Combs. “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.”

 

This case was investigated by the FBI and prosecuted by Assistant U.S. Attorneys in the Plano office.