Robert Schlien

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Fraudsters receive leniency for undercover ‘Bermuda Short’ work

Two career criminals whose undercover work for the FBI was the mainstay of Operation ‘Bermuda Short' have been rewarded with light sentences for a securities fraud they committed nearly ten years ago.David William Jones, 44, received a one-year prison term, while Robert Schlien, 56, escaped prison altogether, receiving just five years of probation, during sentencing at the U. S. District Court for the Southern District of Florida on June 17, 2005. They must also jointly and severally pay restitution of $4,591,773. They had each previously pleaded guilty to one count of conspiracy to commit securities fraud concerning criminal activity that ended in February, 1996.

‘Bermuda Short’ informants Schlien and Jones plead guilty to fraud

Two securities fraudsters whose undercover work for the FBI led to multiple indictments in 'Operation Bermuda Short' two years ago are finally being dealt with for the crimes that prompted them to co-operate.Robert Schlien, 56, and William David Jones, 43, each pleaded guilty to conspiracy to commit securities fraud at the U. S. District Court for the Southern District of Florida on October 29, 2004. Their scam caused losses of between $20 million and $40 million to investors in Sky Scientific Inc. and The Jockey Club Inc., both of Florida.