The owner of a local religious broadcasting company has been arrested on federal charges of bilking investors out of more than $750,000 and using most of the money for personal and business expenses, including buying a 36-foot boat.
Samuel B. Jacobs, 57, owner of WJHJ, was released after making an initial appearance Friday afternoon in U.S. District Court in Norfolk. He is charged in a 20-count indictment with mail fraud, money laundering and related counts.
