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His co-defendant Christopher Andrew Simpson, 47, of West Bridgford, was jailed for 18 months after he also pleading guilty to fraud.
BBC: Mobility aids con salesmen jailed
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The recommendations come after Andrew Simpson, a British two-time Olympic medalist, died after the boat of Swedish team Artemis Racing capsized during a May 9 practice run.
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"Our prayers are with Andrew Simpson's family, his wife and kids, and also the rest of my teammates, " said Paul Cayard, chief executive of the Artemis team.
WSJ: Before America's Cup Capsize, Concerns About Safety
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Champion rowers Pete Reed and Andy Hodge and sailors Iain Percy and Andrew Simpson pulled the covers off the clock, as 2012 chairman Seb Coe, London Mayor Boris Johnson and world champion heptathlete Jessica Ennis looked on.
BBC: 2012 clock starts counting down as tickets go on sale
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Olympic gold medal winner Andrew "Bart" Simpson, 36, was killed when he was trapped under the wreckage of the Artemis Racing sailboat that capsized during a training run.
NPR: America's Cup Expected To Go On After Fatal Wreck
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Still, the death of British Olympic champion Andrew "Bart" Simpson during a training session on San Francisco Bay gives fresh urgency as they chase the oldest trophy in international sports this summer.
NPR: America's Cup Fatality Raises Safety Questions
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What if she remained adamant and it was Alabama or Notre Dame that lost out on the next Andrew Luck, Cam Newton or pre-sentenced OJ Simpson?
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"When Andrew hit in 1992, we sold everything on the lot in almost no time, " said Chuck Simpson, owner of Independence RV in Winter Haven, Fla.
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