A Hawaii couple was criminally charged with defrauding investors out of more than $28 million with bogus claims about building a watercraft that could partially submerge to give passengers underwater views, federal prosecutors said Tuesday. The couple was charged with securities fraud, conspiracy, mail fraud and wire fraud in an indictment unsealed this week. The couple was also sued by the Securities Exchange Commission for fraud in August over their actions in connection with their company, Semisub Inc., based in Hawaii. An attorney for Jamey Jackson was not listed. The couple reportedly sold securities for the company to investors across the country, including in Pennsylvania and California, where they had been barred from selling securities in 2008 and 2009, respectively.

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