He seems to have been brought down for daring to set up a successful gold-backed alternative to fiat. It attracted many crooks, but then so do most fiat currencies, and despite helping turn in the crooks to the cops, Jackson was convicted himself.
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Interesting. I'll have to look into it some more. I remember hearing about the project but didn't follow its progress.
I think he was kind of ahead of his time. I'd be interested to know what he's doing now.