According to a plea agreement from the U.S. District Court, Ohrn, who plead guilty to communicating false distress to the United States Coast Guard, must pay $1 million to make up the cost of the Coast Guard’s search, which stretched over four days.
He must also sell his home which will be applied toward the restitution. The home has been valued at $550,000.
Ohrn could still face up to six years in prison and an additional fine of $250,000, but a sentencing guideline in the plea agreement suggests probation is more appropriate.
The one-time financial adviser had faced an investigation from the Financial Industry Regulatory Authority at the time of his disappearance, and the Florida Office of Financial Regulation denied his request for a broker license in December 2014. FINRA accused Ohrn of forging customer signatures when he worked for Chase Investment Services Corporation.
According to the PBSO at the time, Ohrn anchored the rented boat off Boca Raton, then used a small inflatable boat to return to land. He drove to Albany, Ga., staying in a rental house.