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‘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.