A 70-year-old East Bay real estate agent has been sentenced in federal court in San Francisco to six and one-half years in prison for sophisticated housing-sales fraud based on the creation of a phony mortgage company.
Robert Jacobsen, of Kensington and formerly of Lafayette, was sentenced on Sept. 4, by U.S. District Judge Maxine Chesney for one count of wire fraud and one count of carrying out a financial transaction with illegally obtained funds.
