Attorney General James Uthmeier announced that Jerald Clawson of Orlando has been arrested in connection with a $5.3 million Ponzi scheme. The Office of Statewide Prosecution is charging Clawson for allegedly defrauding at least 10 victims. The Florida Department of Law Enforcement took Clawson into custody in Orange County on August 28, 2025.
“This serial con-artist exploited the trust of hardworking Floridians to line his pockets. At 74 years old, he is still preying on victims without remorse,” said Attorney General James Uthmeier. “Let this be a warning: no matter your age or history, if you exploit Floridians, we will find you, and we will bring you to justice.”
The investigation was conducted under the name “Investment Blues” and involved collaboration between several agencies including FDLE, the Seminole County Sheriff’s Office, the Florida Office of Financial Regulation, and the Office of Statewide Prosecution.
According to authorities, Clawson used various tactics to defraud investors through what he described as real estate “hard money” loans or “bridge loans.” He presented himself as an investment broker with Azure Waterfront Consulting, LLC and supported by Azure Waterfront (Real Estate), LLC, promoting a “Fee-note Program.” Victims reported that they were promised returns ranging from 100% to 300% on their investments.
Investigators say that when loan deadlines passed without payment, Clawson continued to assure victims they would receive their returns despite months passing without repayment. Most victims suffered financial losses transferred directly from their bank accounts to Clawson.
Clawson now faces multiple felony charges including Scheme to Defraud Greater than $50,000 and Unlawful Sale of Fraudulent Securities Greater than $50,000 involving five or more victims. Each charge carries a potential penalty of up to 30 years in prison and fines up to $10,000.
Authorities stated that the investigation remains ongoing and prosecution will be handled by the Attorney General’s Office of Statewide Prosecution.
