<?xml version='1.0' encoding='iso-8859-1'?>
<!-- NeoClarus - iFile Suite version 4.2311  -->
<link:linkbase xmlns="http://www.xbrl.org/2003/linkbase"
		xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
		xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"
		xmlns:fil="http://www.jacobsfinancial.com/20121130"
		xmlns:link="http://www.xbrl.org/2003/linkbase"
		xmlns:xlink="http://www.w3.org/1999/xlink"
		xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
		xmlns:xbrli="http://www.xbrl.org/2003/instance">
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DocumentDocumentAndEntityInformation" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DocumentDocumentAndEntityInformation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DocumentDocumentAndEntityInformation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedBalanceSheetsUnaudited" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedBalanceSheetsUnaudited"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedBalanceSheetsUnaudited">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract' xlink:label='us-gaap_AssetsAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AssetsAbstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsAndCashAbstract' xlink:label='us-gaap_InvestmentsAndCashAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_InvestmentsAndCashAbstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent' xlink:label='us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_InvestmentsAndCashAbstract' xlink:to='us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent' xlink:label='us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_InvestmentsAndCashAbstract' xlink:to='us-gaap_AvailableForSaleSecuritiesEquitySecuritiesCurrent' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermInvestments' xlink:label='us-gaap_ShortTermInvestments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_InvestmentsAndCashAbstract' xlink:to='us-gaap_ShortTermInvestments' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Cash' xlink:label='us-gaap_Cash'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_InvestmentsAndCashAbstract' xlink:to='us-gaap_Cash' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentsAndCash' xlink:label='us-gaap_InvestmentsAndCash'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_InvestmentsAndCashAbstract' xlink:to='us-gaap_InvestmentsAndCash' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable' xlink:label='us-gaap_AccruedInvestmentIncomeReceivable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_AccruedInvestmentIncomeReceivable' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PremiumsAndOtherReceivablesNet' xlink:label='us-gaap_PremiumsAndOtherReceivablesNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_PremiumsAndOtherReceivablesNet' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidReinsurancePremiums' xlink:label='us-gaap_PrepaidReinsurancePremiums'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_PrepaidReinsurancePremiums' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FundsHeldUnderReinsuranceAgreementsAsset' xlink:label='us-gaap_FundsHeldUnderReinsuranceAgreementsAsset'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_FundsHeldUnderReinsuranceAgreementsAsset' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCosts' xlink:label='us-gaap_DeferredPolicyAcquisitionCosts'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_DeferredPolicyAcquisitionCosts' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet' xlink:label='us-gaap_PropertyPlantAndEquipmentNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_PropertyPlantAndEquipmentNet' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent' xlink:label='us-gaap_OtherAssetsNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_OtherAssetsNoncurrent' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:label='us-gaap_IntangibleAssetsNetExcludingGoodwill'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_IntangibleAssetsNetExcludingGoodwill' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets' xlink:label='us-gaap_Assets'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AssetsAbstract' xlink:to='us-gaap_Assets' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:label='us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_LiabilitiesAndStockholdersEquityAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ReserveForLossesAndLossAdjustmentExpenses' xlink:label='us-gaap_ReserveForLossesAndLossAdjustmentExpenses'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_ReserveForLossesAndLossAdjustmentExpenses' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ReserveForUnearnedPremiums' xlink:label='fil_ReserveForUnearnedPremiums'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_ReserveForUnearnedPremiums' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_UnearnedPremiums' xlink:label='us-gaap_UnearnedPremiums'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_UnearnedPremiums' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent' xlink:label='us-gaap_AccruedLiabilitiesCurrentAndNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_AccruedLiabilitiesCurrentAndNoncurrent' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent' xlink:label='us-gaap_AccountsPayableCurrentAndNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_AccountsPayableCurrentAndNoncurrent' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent' xlink:label='us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TermAndDemandNotesPayableToRelatedParty' xlink:label='fil_TermAndDemandNotesPayableToRelatedParty'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_TermAndDemandNotesPayableToRelatedParty' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NotesPayable' xlink:label='us-gaap_NotesPayable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_NotesPayable' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent' xlink:label='us-gaap_InterestPayableCurrentAndNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_InterestPayableCurrentAndNoncurrent' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedInterestPayableToRelatedParty' xlink:label='fil_AccruedInterestPayableToRelatedParty'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_AccruedInterestPayableToRelatedParty' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilities' xlink:label='us-gaap_OtherLiabilities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_OtherLiabilities' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesAPreferredStockValue' xlink:label='fil_MandatorilyRedeemableSeriesAPreferredStockValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_MandatorilyRedeemableSeriesAPreferredStockValue' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBPreferredStockSharesValue' xlink:label='fil_MandatorilyRedeemableSeriesBPreferredStockSharesValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_MandatorilyRedeemableSeriesBPreferredStockSharesValue' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Liabilities' xlink:label='us-gaap_Liabilities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_Liabilities' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStock' xlink:label='fil_SeriesAPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_SeriesAPreferredStock' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalMandatorilyRedeemablePreferredStock' xlink:label='fil_TotalMandatorilyRedeemablePreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='fil_TotalMandatorilyRedeemablePreferredStock' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies' xlink:label='us-gaap_CommitmentsAndContingencies'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_CommitmentsAndContingencies' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityAbstract' xlink:label='us-gaap_StockholdersEquityAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='us-gaap_StockholdersEquityAbstract' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValue' xlink:label='us-gaap_PreferredStockValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_PreferredStockValue' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue' xlink:label='us-gaap_CommonStockValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_CommonStockValue' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital' xlink:label='us-gaap_AdditionalPaidInCapital'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_AdditionalPaidInCapital' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit' xlink:label='us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_RetainedEarningsAccumulatedDeficit' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity' xlink:label='us-gaap_StockholdersEquity'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_StockholdersEquity' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity' xlink:label='us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='us-gaap_LiabilitiesAndStockholdersEquity' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedBalanceSheetsParentheticals" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedBalanceSheetsParentheticals"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedBalanceSheetsParentheticals">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis' xlink:label='us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis' xlink:label='us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment' xlink:label='us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesARedeemablePreferredStockParValue' xlink:label='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockParValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockParValue' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesAuthorized' xlink:label='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesAuthorized' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesIssued' xlink:label='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesIssued' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesOutstanding' xlink:label='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockSharesOutstanding' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesARedeemablePreferredStockShareLiquidationValue' xlink:label='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockShareLiquidationValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesARedeemablePreferredStockShareLiquidationValue' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockParValue' xlink:label='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockParValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockParValue' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesAuthorized' xlink:label='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesAuthorized' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesIssued' xlink:label='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesIssued' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesOutstanding' xlink:label='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockSharesOutstanding' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockShareLiquidationValue' xlink:label='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockShareLiquidationValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MandatorilyRedeemableSeriesBRedeemablePreferredStockShareLiquidationValue' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockParValue' xlink:label='fil_SeriesAPreferredStockParValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockParValue' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockSharesAuthorized' xlink:label='fil_SeriesAPreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockSharesAuthorized' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockSharesIssued' xlink:label='fil_SeriesAPreferredStockSharesIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockSharesIssued' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockSharesOutstanding' xlink:label='fil_SeriesAPreferredStockSharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockSharesOutstanding' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockShareLiquidationValue' xlink:label='fil_SeriesAPreferredStockShareLiquidationValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockShareLiquidationValue' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare' xlink:label='us-gaap_PreferredStockParOrStatedValuePerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockParOrStatedValuePerShare' use='optional' order='19.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesAuthorized' xlink:label='us-gaap_PreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockSharesAuthorized' use='optional' order='20.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesIssued' xlink:label='us-gaap_PreferredStockSharesIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockSharesIssued' use='optional' order='21.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesOutstanding' xlink:label='us-gaap_PreferredStockSharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockSharesOutstanding' use='optional' order='22.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockRedemptionAmountFutureRedeemableSecurities' xlink:label='us-gaap_PreferredStockRedemptionAmountFutureRedeemableSecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockRedemptionAmountFutureRedeemableSecurities' use='optional' order='23.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare' xlink:label='us-gaap_CommonStockParOrStatedValuePerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CommonStockParOrStatedValuePerShare' use='optional' order='24.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized' xlink:label='us-gaap_CommonStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CommonStockSharesAuthorized' use='optional' order='25.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued' xlink:label='us-gaap_CommonStockSharesIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CommonStockSharesIssued' use='optional' order='26.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding' xlink:label='us-gaap_CommonStockSharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CommonStockSharesOutstanding' use='optional' order='27.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementsOfOperationsUnaudited" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedStatementsOfOperationsUnaudited"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementsOfOperationsUnaudited">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentAdvisoryFees' xlink:label='us-gaap_InvestmentAdvisoryFees'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_InvestmentAdvisoryFees' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PremiumsEarnedNet' xlink:label='us-gaap_PremiumsEarnedNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PremiumsEarnedNet' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetInvestmentIncome' xlink:label='us-gaap_NetInvestmentIncome'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetInvestmentIncome' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses' xlink:label='us-gaap_RealizedInvestmentGainsLosses'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_RealizedInvestmentGainsLosses' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherIncome' xlink:label='us-gaap_OtherIncome'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OtherIncome' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Revenues' xlink:label='us-gaap_Revenues'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_Revenues' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpensesAbstract' xlink:label='us-gaap_OperatingExpensesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OperatingExpensesAbstract' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncurredClaimsPropertyCasualtyAndLiability' xlink:label='us-gaap_IncurredClaimsPropertyCasualtyAndLiability'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='us-gaap_IncurredClaimsPropertyCasualtyAndLiability' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InsurancePolicyAcquisitionCosts' xlink:label='fil_InsurancePolicyAcquisitionCosts'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='fil_InsurancePolicyAcquisitionCosts' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense' xlink:label='us-gaap_GeneralAndAdministrativeExpense'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='us-gaap_GeneralAndAdministrativeExpense' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Depreciation' xlink:label='us-gaap_Depreciation'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='us-gaap_Depreciation' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpenses' xlink:label='us-gaap_OperatingExpenses'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='us-gaap_OperatingExpenses' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss' xlink:label='us-gaap_OperatingIncomeLoss'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OperatingIncomeLoss' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustments' xlink:label='us-gaap_PreferredStockDividendsAndOtherAdjustments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockDividendsAndOtherAdjustments' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedDividendsAndAccretionOfSeriesBMandatorilyRedeemablePreferredStock' xlink:label='fil_AccruedDividendsAndAccretionOfSeriesBMandatorilyRedeemablePreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedDividendsAndAccretionOfSeriesBMandatorilyRedeemablePreferredStock' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestExpense' xlink:label='us-gaap_InterestExpense'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_InterestExpense' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss' xlink:label='us-gaap_NetIncomeLoss'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetIncomeLoss' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccretionOfMandatorilyRedeemableConvertiblePreferredStockIncludingAccruedDividends' xlink:label='fil_AccretionOfMandatorilyRedeemableConvertiblePreferredStockIncludingAccruedDividends'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccretionOfMandatorilyRedeemableConvertiblePreferredStockIncludingAccruedDividends' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedDividendsOnSeriesCPreferredStockEquity' xlink:label='fil_AccruedDividendsOnSeriesCPreferredStockEquity'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedDividendsOnSeriesCPreferredStockEquity' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic' xlink:label='us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasicAndDilutedAbstract' xlink:label='us-gaap_EarningsPerShareBasicAndDilutedAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_EarningsPerShareBasicAndDilutedAbstract' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted' xlink:label='us-gaap_EarningsPerShareBasicAndDiluted'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EarningsPerShareBasicAndDilutedAbstract' xlink:to='us-gaap_EarningsPerShareBasicAndDiluted' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic' xlink:label='us-gaap_WeightedAverageNumberOfSharesOutstandingBasic'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_WeightedAverageNumberOfSharesOutstandingBasic' use='optional' order='17.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementsOfComprehensiveIncomeLossUnaudited" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedStatementsOfComprehensiveIncomeLossUnaudited"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementsOfComprehensiveIncomeLossUnaudited">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract' xlink:label='us-gaap_ComprehensiveIncomeNetOfTaxAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_ComprehensiveIncomeNetOfTaxAbstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest' xlink:label='us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_ComprehensiveIncomeNetOfTaxAbstract' xlink:to='us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTaxAbstract' xlink:label='us-gaap_OtherComprehensiveIncomeLossTaxAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OtherComprehensiveIncomeLossTaxAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax' xlink:label='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OtherComprehensiveIncomeLossTaxAbstract' xlink:to='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax' xlink:label='us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OtherComprehensiveIncomeLossTaxAbstract' xlink:to='us-gaap_OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent' xlink:label='us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OtherComprehensiveIncomeLossTaxAbstract' xlink:to='us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax' xlink:label='us-gaap_ComprehensiveIncomeNetOfTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_OtherComprehensiveIncomeLossTaxAbstract' xlink:to='us-gaap_ComprehensiveIncomeNetOfTax' use='optional' order='4.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementOfCashFlowsUnaudited" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedStatementOfCashFlowsUnaudited"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementOfCashFlowsUnaudited">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProfitLoss' xlink:label='us-gaap_ProfitLoss'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_ProfitLoss' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_UnearnedPremium' xlink:label='fil_UnearnedPremium'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_UnearnedPremium' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockOptionPlanExpense' xlink:label='us-gaap_StockOptionPlanExpense'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_StockOptionPlanExpense' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_StockIssuedOrToBeIssuedInConnectionWithFinancingArrangements' xlink:label='fil_StockIssuedOrToBeIssuedInConnectionWithFinancingArrangements'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_StockIssuedOrToBeIssuedInConnectionWithFinancingArrangements' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_StockIssuedInConnectionWithDividendArrangements' xlink:label='fil_StockIssuedInConnectionWithDividendArrangements'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_StockIssuedInConnectionWithDividendArrangements' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_StockIssuedOrToBeIssuedInConnectionWithServicesRendered' xlink:label='fil_StockIssuedOrToBeIssuedInConnectionWithServicesRendered'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_StockIssuedOrToBeIssuedInConnectionWithServicesRendered' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccrualOfSeriesAPreferredStockDividends' xlink:label='fil_AccrualOfSeriesAPreferredStockDividends'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_AccrualOfSeriesAPreferredStockDividends' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccrualOfSeriesBPreferredStockDividendsAndAccretion' xlink:label='fil_AccrualOfSeriesBPreferredStockDividendsAndAccretion'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_AccrualOfSeriesBPreferredStockDividendsAndAccretion' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProvisionForLoanLeaseAndOtherLosses' xlink:label='us-gaap_ProvisionForLoanLeaseAndOtherLosses'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_ProvisionForLoanLeaseAndOtherLosses' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments' xlink:label='us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationAndAmortization' xlink:label='us-gaap_DepreciationAndAmortization'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_DepreciationAndAmortization' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccretionOfDiscount1' xlink:label='fil_AccretionOfDiscount1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='fil_AccretionOfDiscount1' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TradingSecuritiesRealizedGainLoss' xlink:label='us-gaap_TradingSecuritiesRealizedGainLoss'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_TradingSecuritiesRealizedGainLoss' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:label='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets' xlink:label='us-gaap_IncreaseDecreaseInOtherOperatingAssets'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInOtherOperatingAssets' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable' xlink:label='us-gaap_IncreaseDecreaseInPremiumsReceivable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInPremiumsReceivable' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable' xlink:label='us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts' xlink:label='us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties' xlink:label='us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable' xlink:label='us-gaap_IncreaseDecreaseInAccountsPayable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInAccountsPayable' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities' xlink:label='us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInOperatingActivities' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsForProceedsFromInvestments' xlink:label='us-gaap_PaymentsForProceedsFromInvestments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsForProceedsFromInvestments' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt' xlink:label='us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale' xlink:label='us-gaap_PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity' xlink:label='us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities' xlink:label='us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS' xlink:label='us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PurchaseCollectionOfAccruedInterest' xlink:label='fil_PurchaseCollectionOfAccruedInterest'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='fil_PurchaseCollectionOfAccruedInterest' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInInvestingActivities' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromRelatedPartyDebt' xlink:label='us-gaap_ProceedsFromRelatedPartyDebt'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_ProceedsFromRelatedPartyDebt' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfRelatedPartyDebt' xlink:label='us-gaap_RepaymentsOfRelatedPartyDebt'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_RepaymentsOfRelatedPartyDebt' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet' xlink:label='us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities' xlink:label='us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInFinancingActivities' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:label='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:label='us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CashAndCashEquivalentsAtCarryingValue' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract' xlink:label='us-gaap_SupplementalCashFlowInformationAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_SupplementalCashFlowInformationAbstract' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPaid' xlink:label='us-gaap_InterestPaid'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_SupplementalCashFlowInformationAbstract' xlink:to='us-gaap_InterestPaid' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxesPaidNet' xlink:label='us-gaap_IncomeTaxesPaidNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_SupplementalCashFlowInformationAbstract' xlink:to='us-gaap_IncomeTaxesPaidNet' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' xlink:label='us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction' xlink:label='us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract' xlink:to='us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction' use='optional' order='1.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementOfMandatorilyRedeemablePreferredStockAndStockholdersEquityDeficitUnaudited" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ConsolidatedCondensedStatementOfMandatorilyRedeemablePreferredStockAndStockholdersEquityDeficitUnaudited"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ConsolidatedCondensedStatementOfMandatorilyRedeemablePreferredStockAndStockholdersEquityDeficitUnaudited">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis' xlink:label='us-gaap_StatementEquityComponentsAxis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/hypercube-dimension' xlink:from='us-gaap_StatementTable' xlink:to='us-gaap_StatementEquityComponentsAxis' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-domain' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain_1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-default' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain_1' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CapitalUnitsMember' xlink:label='us-gaap_CapitalUnitsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CapitalUnitsMember' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember' xlink:label='us-gaap_CommonStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CommonStockMember' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember' xlink:label='us-gaap_AdditionalPaidInCapitalMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AdditionalPaidInCapitalMember' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredSharesMember' xlink:label='fil_SeriesCPreferredSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesCPreferredSharesMember' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockMember' xlink:label='us-gaap_PreferredStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_PreferredStockMember' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember' xlink:label='us-gaap_RetainedEarningsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_RetainedEarningsMember' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AccumulatedOtherComprehensiveIncomeMember' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ParentMember' xlink:label='us-gaap_ParentMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_ParentMember' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmortizedCostMember' xlink:label='fil_AmortizedCostMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AmortizedCostMember' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedGainsMember' xlink:label='fil_GrossUnrealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedGainsMember' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedLossesMember' xlink:label='fil_GrossUnrealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedLossesMember' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairMarketValueMember' xlink:label='fil_FairMarketValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairMarketValueMember' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel1Member' xlink:label='fil_FairValueMeasurementsUsingLevel1Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel1Member' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel2Member' xlink:label='fil_FairValueMeasurementsUsingLevel2Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel2Member' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel3Member' xlink:label='fil_FairValueMeasurementsUsingLevel3Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel3Member' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AssetsAtFairValueMember' xlink:label='fil_AssetsAtFairValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AssetsAtFairValueMember' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossProceedsMember' xlink:label='fil_GrossProceedsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossProceedsMember' use='optional' order='19.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedGainsMember' xlink:label='fil_GrossRealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedGainsMember' use='optional' order='20.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedLossesMember' xlink:label='fil_GrossRealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedLossesMember' use='optional' order='21.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesOutstanding' xlink:label='us-gaap_SharesOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_SharesOutstanding' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation' xlink:label='us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeBenefitPlan' xlink:label='us-gaap_StockIssuedDuringPeriodSharesEmployeeBenefitPlan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StockIssuedDuringPeriodSharesEmployeeBenefitPlan' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock' xlink:label='fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPreferredStockStock' xlink:label='us-gaap_DividendsPreferredStockStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_DividendsPreferredStockStock' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncreaseDecreaseInAccrualOfCommonSharesToBeIssuedInConnectionWithFinancingArrangements' xlink:label='fil_IncreaseDecreaseInAccrualOfCommonSharesToBeIssuedInConnectionWithFinancingArrangements'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncreaseDecreaseInAccrualOfCommonSharesToBeIssuedInConnectionWithFinancingArrangements' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax' xlink:label='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NetIncomeLossSixMonthPeriodEndedNovember302012' xlink:label='fil_NetIncomeLossSixMonthPeriodEndedNovember302012'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NetIncomeLossSixMonthPeriodEndedNovember302012' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther' xlink:label='us-gaap_StockIssuedDuringPeriodSharesOther'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StockIssuedDuringPeriodSharesOther' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock1' xlink:label='fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedDividendsOfSeriesAMandatorilyRedeemableConvertiblePreferredStock1' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPreferredStockPaidinkind' xlink:label='us-gaap_DividendsPreferredStockPaidinkind'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_DividendsPreferredStockPaidinkind' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues' xlink:label='us-gaap_StockIssuedDuringPeriodValueNewIssues'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StockIssuedDuringPeriodValueNewIssues' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts' xlink:label='us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax' xlink:label='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NetIncomeLossThreeMonthPeriodEndedAugust312012' xlink:label='fil_NetIncomeLossThreeMonthPeriodEndedAugust312012'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NetIncomeLossThreeMonthPeriodEndedAugust312012' use='optional' order='15.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureBasisOfPresentation" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureBasisOfPresentation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureBasisOfPresentation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureRecentAccountingPronouncements" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureRecentAccountingPronouncements"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureRecentAccountingPronouncements">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureInvestmentsAndFairValueDisclosures" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureInvestmentsAndFairValueDisclosures"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureInvestmentsAndFairValueDisclosures">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureNotesPayableAndAdvancesFromRelatedParty" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureNotesPayableAndAdvancesFromRelatedParty"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureNotesPayableAndAdvancesFromRelatedParty">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureStockholdersEquity" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureStockholdersEquity"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureStockholdersEquity">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosurePreferredStock" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosurePreferredStock"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosurePreferredStock">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureCommitmentsContingenciesAndMaterialAgreements" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureCommitmentsContingenciesAndMaterialAgreements"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureCommitmentsContingenciesAndMaterialAgreements">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureSegmentReporting" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureSegmentReporting"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureSegmentReporting">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureReinsurance" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureReinsurance"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureReinsurance">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureStockBasedCompensation" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureStockBasedCompensation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureStockBasedCompensation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureSubsequentEvents" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureSubsequentEvents"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureSubsequentEvents">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureInvestmentsAndFairValueDisclosuresTables" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureInvestmentsAndFairValueDisclosuresTables"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureInvestmentsAndFairValueDisclosuresTables">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureNotesPayableAndAdvancesFromRelatedPartyTables" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureNotesPayableAndAdvancesFromRelatedPartyTables"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureNotesPayableAndAdvancesFromRelatedPartyTables">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureRevenueAndOtherFinancialInformationByIndustrySegmentTables" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureRevenueAndOtherFinancialInformationByIndustrySegmentTables"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureRevenueAndOtherFinancialInformationByIndustrySegmentTables">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureReinsuranceOnPremiumWrittenAndEarnedTables" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_DisclosureReinsuranceOnPremiumWrittenAndEarnedTables"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_DisclosureReinsuranceOnPremiumWrittenAndEarnedTables">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_BasisOfPresentationLiquidityAndGoingConcernDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_BasisOfPresentationLiquidityAndGoingConcernDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_BasisOfPresentationLiquidityAndGoingConcernDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncomeLossFromOperations' xlink:label='fil_IncomeLossFromOperations'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncomeLossFromOperations' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock' xlink:label='us-gaap_AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_BridgeFinancingObtainedByCompany' xlink:label='fil_BridgeFinancingObtainedByCompany'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_BridgeFinancingObtainedByCompany' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock' xlink:label='us-gaap_ProceedsFromIssuanceOfCommonStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_ProceedsFromIssuanceOfCommonStock' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FixedInterestRateOnNotes' xlink:label='fil_FixedInterestRateOnNotes'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_FixedInterestRateOnNotes' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_BasisOfPresentationLoanForbearanceAgreementDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_BasisOfPresentationLoanForbearanceAgreementDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_BasisOfPresentationLoanForbearanceAgreementDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage' xlink:label='us-gaap_DebtInstrumentInterestRateStatedPercentage'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_DebtInstrumentInterestRateStatedPercentage' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestPayableOnLoan' xlink:label='fil_InterestPayableOnLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestPayableOnLoan' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncreaseInQuartelyPaymentTowardsLoan' xlink:label='fil_IncreaseInQuartelyPaymentTowardsLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncreaseInQuartelyPaymentTowardsLoan' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalIncreaseInQuartelyPaymentTowardsLoan' xlink:label='fil_TotalIncreaseInQuartelyPaymentTowardsLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_TotalIncreaseInQuartelyPaymentTowardsLoan' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders' xlink:label='fil_PercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncreasedPercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders' xlink:label='fil_IncreasedPercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncreasedPercentageOfOutstandingCommonStockIssuedToBridgeFinanceLenders' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PercentageOfOutstandingCommonStockToBeIssuedToBridgeFinanceLenders' xlink:label='fil_PercentageOfOutstandingCommonStockToBeIssuedToBridgeFinanceLenders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PercentageOfOutstandingCommonStockToBeIssuedToBridgeFinanceLenders' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresBondsAndEquitySecuritiesDetailsStockholdersEquity" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_InvestmentsAndFairValueDisclosuresBondsAndEquitySecuritiesDetailsStockholdersEquity"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresBondsAndEquitySecuritiesDetailsStockholdersEquity">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis' xlink:label='us-gaap_StatementEquityComponentsAxis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/hypercube-dimension' xlink:from='us-gaap_StatementTable' xlink:to='us-gaap_StatementEquityComponentsAxis' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-domain' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain_1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-default' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain_1' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CapitalUnitsMember' xlink:label='us-gaap_CapitalUnitsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CapitalUnitsMember' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember' xlink:label='us-gaap_CommonStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CommonStockMember' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember' xlink:label='us-gaap_AdditionalPaidInCapitalMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AdditionalPaidInCapitalMember' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredSharesMember' xlink:label='fil_SeriesCPreferredSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesCPreferredSharesMember' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockMember' xlink:label='us-gaap_PreferredStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_PreferredStockMember' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember' xlink:label='us-gaap_RetainedEarningsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_RetainedEarningsMember' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AccumulatedOtherComprehensiveIncomeMember' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ParentMember' xlink:label='us-gaap_ParentMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_ParentMember' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmortizedCostMember' xlink:label='fil_AmortizedCostMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AmortizedCostMember' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedGainsMember' xlink:label='fil_GrossUnrealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedGainsMember' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedLossesMember' xlink:label='fil_GrossUnrealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedLossesMember' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairMarketValueMember' xlink:label='fil_FairMarketValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairMarketValueMember' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel1Member' xlink:label='fil_FairValueMeasurementsUsingLevel1Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel1Member' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel2Member' xlink:label='fil_FairValueMeasurementsUsingLevel2Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel2Member' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel3Member' xlink:label='fil_FairValueMeasurementsUsingLevel3Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel3Member' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AssetsAtFairValueMember' xlink:label='fil_AssetsAtFairValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AssetsAtFairValueMember' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossProceedsMember' xlink:label='fil_GrossProceedsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossProceedsMember' use='optional' order='19.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedGainsMember' xlink:label='fil_GrossRealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedGainsMember' use='optional' order='20.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedLossesMember' xlink:label='fil_GrossRealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedLossesMember' use='optional' order='21.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_StateAndMunicipalSecurities' xlink:label='fil_StateAndMunicipalSecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_StateAndMunicipalSecurities' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MarketableSecuritiesEquitySecuritiesCurrent' xlink:label='us-gaap_MarketableSecuritiesEquitySecuritiesCurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_MarketableSecuritiesEquitySecuritiesCurrent' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Derivatives' xlink:label='fil_Derivatives'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_Derivatives' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ForeignObligations' xlink:label='fil_ForeignObligations'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ForeignObligations' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure' xlink:label='us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalStateAndMuncipalSecurities' xlink:label='fil_TotalStateAndMuncipalSecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_TotalStateAndMuncipalSecurities' use='optional' order='6.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresShorTermInvestmentsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_InvestmentsAndFairValueDisclosuresShorTermInvestmentsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresShorTermInvestmentsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ShortTermInvestments1' xlink:label='fil_ShortTermInvestments1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ShortTermInvestments1' use='optional' order='1.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresAssetsDetailsStockholdersEquity" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_InvestmentsAndFairValueDisclosuresAssetsDetailsStockholdersEquity"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresAssetsDetailsStockholdersEquity">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis' xlink:label='us-gaap_StatementEquityComponentsAxis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/hypercube-dimension' xlink:from='us-gaap_StatementTable' xlink:to='us-gaap_StatementEquityComponentsAxis' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-domain' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain_1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-default' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain_1' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CapitalUnitsMember' xlink:label='us-gaap_CapitalUnitsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CapitalUnitsMember' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember' xlink:label='us-gaap_CommonStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CommonStockMember' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember' xlink:label='us-gaap_AdditionalPaidInCapitalMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AdditionalPaidInCapitalMember' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredSharesMember' xlink:label='fil_SeriesCPreferredSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesCPreferredSharesMember' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockMember' xlink:label='us-gaap_PreferredStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_PreferredStockMember' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember' xlink:label='us-gaap_RetainedEarningsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_RetainedEarningsMember' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AccumulatedOtherComprehensiveIncomeMember' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ParentMember' xlink:label='us-gaap_ParentMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_ParentMember' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmortizedCostMember' xlink:label='fil_AmortizedCostMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AmortizedCostMember' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedGainsMember' xlink:label='fil_GrossUnrealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedGainsMember' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedLossesMember' xlink:label='fil_GrossUnrealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedLossesMember' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairMarketValueMember' xlink:label='fil_FairMarketValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairMarketValueMember' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel1Member' xlink:label='fil_FairValueMeasurementsUsingLevel1Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel1Member' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel2Member' xlink:label='fil_FairValueMeasurementsUsingLevel2Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel2Member' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel3Member' xlink:label='fil_FairValueMeasurementsUsingLevel3Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel3Member' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AssetsAtFairValueMember' xlink:label='fil_AssetsAtFairValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AssetsAtFairValueMember' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossProceedsMember' xlink:label='fil_GrossProceedsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossProceedsMember' use='optional' order='19.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedGainsMember' xlink:label='fil_GrossRealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedGainsMember' use='optional' order='20.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedLossesMember' xlink:label='fil_GrossRealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedLossesMember' use='optional' order='21.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Assets1Abstract' xlink:label='fil_Assets1Abstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_Assets1Abstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue' xlink:label='us-gaap_HeldToMaturitySecuritiesFairValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_HeldToMaturitySecuritiesFairValue' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_EquitySecuritiesAtFairValueIncludesDerivatives' xlink:label='fil_EquitySecuritiesAtFairValueIncludesDerivatives'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_EquitySecuritiesAtFairValueIncludesDerivatives' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ShortTermInvestmentsAtFairValue' xlink:label='fil_ShortTermInvestmentsAtFairValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ShortTermInvestmentsAtFairValue' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalAssets' xlink:label='fil_TotalAssets'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_TotalAssets' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresGrossRealizedGainsOnTheSaleOfSecuritiesDetailsStockholdersEquity" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_InvestmentsAndFairValueDisclosuresGrossRealizedGainsOnTheSaleOfSecuritiesDetailsStockholdersEquity"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_InvestmentsAndFairValueDisclosuresGrossRealizedGainsOnTheSaleOfSecuritiesDetailsStockholdersEquity">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis' xlink:label='us-gaap_StatementEquityComponentsAxis'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/hypercube-dimension' xlink:from='us-gaap_StatementTable' xlink:to='us-gaap_StatementEquityComponentsAxis' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-domain' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain_1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/dimension-default' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='us-gaap_EquityComponentDomain_1' use='optional' order='1.0' xbrldt:contextElement='segment'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockSharesMember' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' xlink:label='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesAMandatorilyRedeemablePreferredStockAmountMember' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CapitalUnitsMember' xlink:label='us-gaap_CapitalUnitsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CapitalUnitsMember' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember' xlink:label='us-gaap_CommonStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_CommonStockMember' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember' xlink:label='us-gaap_AdditionalPaidInCapitalMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AdditionalPaidInCapitalMember' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredSharesMember' xlink:label='fil_SeriesCPreferredSharesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_SeriesCPreferredSharesMember' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockMember' xlink:label='us-gaap_PreferredStockMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_PreferredStockMember' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember' xlink:label='us-gaap_RetainedEarningsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_RetainedEarningsMember' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_AccumulatedOtherComprehensiveIncomeMember' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ParentMember' xlink:label='us-gaap_ParentMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='us-gaap_ParentMember' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmortizedCostMember' xlink:label='fil_AmortizedCostMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AmortizedCostMember' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedGainsMember' xlink:label='fil_GrossUnrealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedGainsMember' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossUnrealizedLossesMember' xlink:label='fil_GrossUnrealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossUnrealizedLossesMember' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairMarketValueMember' xlink:label='fil_FairMarketValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairMarketValueMember' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel1Member' xlink:label='fil_FairValueMeasurementsUsingLevel1Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel1Member' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel2Member' xlink:label='fil_FairValueMeasurementsUsingLevel2Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel2Member' use='optional' order='16.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FairValueMeasurementsUsingLevel3Member' xlink:label='fil_FairValueMeasurementsUsingLevel3Member'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_FairValueMeasurementsUsingLevel3Member' use='optional' order='17.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AssetsAtFairValueMember' xlink:label='fil_AssetsAtFairValueMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_AssetsAtFairValueMember' use='optional' order='18.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossProceedsMember' xlink:label='fil_GrossProceedsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossProceedsMember' use='optional' order='19.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedGainsMember' xlink:label='fil_GrossRealizedGainsMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedGainsMember' use='optional' order='20.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_GrossRealizedLossesMember' xlink:label='fil_GrossRealizedLossesMember'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_EquityComponentDomain' xlink:to='fil_GrossRealizedLossesMember' use='optional' order='21.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_EquitySecurities' xlink:label='fil_EquitySecurities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_EquitySecurities' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_EquitySecuritiesDerivatives1' xlink:label='fil_EquitySecuritiesDerivatives1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_EquitySecuritiesDerivatives1' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Total1' xlink:label='fil_Total1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_Total1' use='optional' order='3.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NotesPayableCurrent' xlink:label='us-gaap_NotesPayableCurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NotesPayableCurrent' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SecuredDemandNotePayableToIndividual' xlink:label='fil_SecuredDemandNotePayableToIndividual'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SecuredDemandNotePayableToIndividual' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SecuredDemandNotePayable' xlink:label='fil_SecuredDemandNotePayable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SecuredDemandNotePayable' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SecuredDemandNotePayableToIndividualsForInvestmentAdvisoryFees' xlink:label='fil_SecuredDemandNotePayableToIndividualsForInvestmentAdvisoryFees'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SecuredDemandNotePayableToIndividualsForInvestmentAdvisoryFees' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent' xlink:label='us-gaap_NotesPayableRelatedPartiesClassifiedCurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NotesPayableRelatedPartiesClassifiedCurrent' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NotePayableToIndividualUnderABridgeFinancingArrangement' xlink:label='fil_NotePayableToIndividualUnderABridgeFinancingArrangement'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NotePayableToIndividualUnderABridgeFinancingArrangement' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NotesPayable1' xlink:label='fil_NotesPayable1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NotesPayable1' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableParentheticalsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableParentheticalsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyNotesPayableParentheticalsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers' xlink:label='fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_UnsecuredNotesPayableToRelatedParty' xlink:label='fil_UnsecuredNotesPayableToRelatedParty'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_UnsecuredNotesPayableToRelatedParty' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers1' xlink:label='fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnUnsecuredDemandNotesPayableToIndividualsAndOthers1' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnSecuredDemandNotePayableToIndividuals' xlink:label='fil_InterestRateOnSecuredDemandNotePayableToIndividuals'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnSecuredDemandNotePayableToIndividuals' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnSecuredDemandNotePayableToIndividuals1' xlink:label='fil_InterestRateOnSecuredDemandNotePayableToIndividuals1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnSecuredDemandNotePayableToIndividuals1' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnUnsecuredShortTermAdvances' xlink:label='fil_InterestRateOnUnsecuredShortTermAdvances'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnUnsecuredShortTermAdvances' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NotesPayableUnderBridgeFinanceToRelatedParty' xlink:label='fil_NotesPayableUnderBridgeFinanceToRelatedParty'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NotesPayableUnderBridgeFinanceToRelatedParty' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyBridgeFinancingDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartyBridgeFinancingDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyBridgeFinancingDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FirstRoundBridgeFinance' xlink:label='fil_FirstRoundBridgeFinance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_FirstRoundBridgeFinance' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PercentageOfCommonSharesTowardsInterest' xlink:label='fil_PercentageOfCommonSharesTowardsInterest'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PercentageOfCommonSharesTowardsInterest' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SecondRoundBridgeFinance' xlink:label='fil_SecondRoundBridgeFinance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SecondRoundBridgeFinance' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PercentageOfCommonSharesTowardsInterest1' xlink:label='fil_PercentageOfCommonSharesTowardsInterest1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PercentageOfCommonSharesTowardsInterest1' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_QualfiedFinancing' xlink:label='fil_QualfiedFinancing'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_QualfiedFinancing' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PercentageOfCommonSharesToNotesFinance' xlink:label='fil_PercentageOfCommonSharesToNotesFinance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PercentageOfCommonSharesToNotesFinance' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmountOfLessThanQualfiedFinancing' xlink:label='fil_AmountOfLessThanQualfiedFinancing'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AmountOfLessThanQualfiedFinancing' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DenominatorOfFinancing' xlink:label='fil_DenominatorOfFinancing'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DenominatorOfFinancing' use='optional' order='8.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartySharesAsOfDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartySharesAsOfDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartySharesAsOfDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssuedShares' xlink:label='fil_IssuedShares'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssuedShares' use='optional' order='1.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyBridgeLendersDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartyBridgeLendersDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyBridgeLendersDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonSharesIssuedForTheForbearance' xlink:label='fil_CommonSharesIssuedForTheForbearance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonSharesIssuedForTheForbearance' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_QuarterlyRepaymentOfLoan' xlink:label='fil_QuarterlyRepaymentOfLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_QuarterlyRepaymentOfLoan' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncreaseInQuartelyRepaymentOfLoan' xlink:label='fil_IncreaseInQuartelyRepaymentOfLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncreaseInQuartelyRepaymentOfLoan' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalOfIncreaseInQuartelyRepaymentOfLoan' xlink:label='fil_TotalOfIncreaseInQuartelyRepaymentOfLoan'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_TotalOfIncreaseInQuartelyRepaymentOfLoan' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IncreasedInterestRate' xlink:label='fil_IncreasedInterestRate'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IncreasedInterestRate' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableFromRelatedPartiesDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableFromRelatedPartiesDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableFromRelatedPartiesDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NotesPayableAndAdvancesFromRelatedPartyBoardMemberForConsultingServicesProvided' xlink:label='fil_NotesPayableAndAdvancesFromRelatedPartyBoardMemberForConsultingServicesProvided'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NotesPayableAndAdvancesFromRelatedPartyBoardMemberForConsultingServicesProvided' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AdvancesFromCEOAbstract' xlink:label='fil_AdvancesFromCEOAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AdvancesFromCEOAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_BalanceOwedBeginningOfPeriod' xlink:label='fil_BalanceOwedBeginningOfPeriod'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_BalanceOwedBeginningOfPeriod' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ProceedsFromBorrowings' xlink:label='fil_ProceedsFromBorrowings'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_ProceedsFromBorrowings' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AssumptionOfCompanyDebt' xlink:label='fil_AssumptionOfCompanyDebt'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_AssumptionOfCompanyDebt' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedPayrollOffsettingRepayments' xlink:label='fil_AccruedPayrollOffsettingRepayments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_AccruedPayrollOffsettingRepayments' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Repayments' xlink:label='fil_Repayments'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_Repayments' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_BalanceOwedEndOfPeriod' xlink:label='fil_BalanceOwedEndOfPeriod'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_BalanceOwedEndOfPeriod' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRate' xlink:label='fil_InterestRate'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_AdvancesFromCEOAbstract' xlink:to='fil_InterestRate' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyPayablesAsOfDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_NotesPayableAndAdvancesFromRelatedPartyPayablesAsOfDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_NotesPayableAndAdvancesFromRelatedPartyPayablesAsOfDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedPartyNoncurrent' xlink:label='us-gaap_RelatedPartyTransactionDueFromToRelatedPartyNoncurrent'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_RelatedPartyTransactionDueFromToRelatedPartyNoncurrent' use='optional' order='1.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ScheduledMaturitiesDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ScheduledMaturitiesDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ScheduledMaturitiesDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_N2013IncludingDemandNotes' xlink:label='fil_N2013IncludingDemandNotes'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_N2013IncludingDemandNotes' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_N2014IncludingDemandNotes' xlink:label='fil_N2014IncludingDemandNotes'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_N2014IncludingDemandNotes' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_N2015IncludingDemandNotes' xlink:label='fil_N2015IncludingDemandNotes'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_N2015IncludingDemandNotes' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DemandNotes20162017' xlink:label='fil_DemandNotes20162017'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DemandNotes20162017' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalDeamandNotesUpto2017' xlink:label='fil_TotalDeamandNotesUpto2017'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_TotalDeamandNotesUpto2017' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ShareHoldersEquitiesCommonStockDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ShareHoldersEquitiesCommonStockDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ShareHoldersEquitiesCommonStockDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockIssuedForBorrowings' xlink:label='fil_CommonStockIssuedForBorrowings'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockIssuedForBorrowings' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ContinuedBorrowingsTotal' xlink:label='fil_ContinuedBorrowingsTotal'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ContinuedBorrowingsTotal' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AvergageQuotedClosingPricePerShare' xlink:label='fil_AvergageQuotedClosingPricePerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AvergageQuotedClosingPricePerShare' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockProceeds' xlink:label='fil_CommonStockProceeds'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockProceeds' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockInConnectionWithTheSemiAnnualIssuanceOfSharesUnderTermsOfTheBridgeFinancingArrangement' xlink:label='fil_CommonStockInConnectionWithTheSemiAnnualIssuanceOfSharesUnderTermsOfTheBridgeFinancingArrangement'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockInConnectionWithTheSemiAnnualIssuanceOfSharesUnderTermsOfTheBridgeFinancingArrangement' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ValuePerShareUnderSemiAnnualIssuance' xlink:label='fil_ValuePerShareUnderSemiAnnualIssuance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ValuePerShareUnderSemiAnnualIssuance' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ValueOfSharesIssuedUnderSemiAnnualIssuance' xlink:label='fil_ValueOfSharesIssuedUnderSemiAnnualIssuance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ValueOfSharesIssuedUnderSemiAnnualIssuance' use='optional' order='7.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ShareHoldersEquitiesSeriesBPreferredStockDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ShareHoldersEquitiesSeriesBPreferredStockDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ShareHoldersEquitiesSeriesBPreferredStockDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockIssuedAdditional' xlink:label='fil_CommonStockIssuedAdditional'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockIssuedAdditional' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AdditionalPercentageOfStockDividend' xlink:label='fil_AdditionalPercentageOfStockDividend'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AdditionalPercentageOfStockDividend' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AvergageQuotedClosingPricePerShareIssued' xlink:label='fil_AvergageQuotedClosingPricePerShareIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AvergageQuotedClosingPricePerShareIssued' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ValueOfCommonStockIssued' xlink:label='fil_ValueOfCommonStockIssued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ValueOfCommonStockIssued' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockIssuedForServicesRendered' xlink:label='fil_CommonStockIssuedForServicesRendered'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockIssuedForServicesRendered' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockRedeemableAsFollowsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_PreferredStockRedeemableAsFollowsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockRedeemableAsFollowsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssueOf4NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement' xlink:label='fil_IssueOf4NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssueOf4NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesA' xlink:label='fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesA'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesA' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValueOutstanding' xlink:label='us-gaap_PreferredStockValueOutstanding'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockValueOutstanding' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockLiquidationPreference' xlink:label='us-gaap_PreferredStockLiquidationPreference'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_PreferredStockLiquidationPreference' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockSharesAuthorized1' xlink:label='fil_SeriesAPreferredStockSharesAuthorized1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockSharesAuthorized1' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockSharesIssued1' xlink:label='fil_SeriesAPreferredStockSharesIssued1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockSharesIssued1' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CashInvestmentsInExchangeOfSharesIssuedSeriesAPreferredStock' xlink:label='fil_CashInvestmentsInExchangeOfSharesIssuedSeriesAPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CashInvestmentsInExchangeOfSharesIssuedSeriesAPreferredStock' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssueOf8NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement' xlink:label='fil_IssueOf8NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssueOf8NonVotingSeriesAPreferredStockSharesThroughPrivatePlacement' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesB' xlink:label='fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesB'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssueOfWarrantsForCommonSharesOfCompanyStockForSeriesB' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesBPreferredStockValue' xlink:label='fil_SeriesBPreferredStockValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesBPreferredStockValue' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesBPreferredStockLiquidationPreferencePerAnnumFixedAnnualRateOf80PerShare' xlink:label='fil_SeriesBPreferredStockLiquidationPreferencePerAnnumFixedAnnualRateOf80PerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesBPreferredStockLiquidationPreferencePerAnnumFixedAnnualRateOf80PerShare' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_EachShareOfSeriesBConvertibleIntoNumberOfSharesAtAnyTimeAfterOriginalIssueDate' xlink:label='fil_EachShareOfSeriesBConvertibleIntoNumberOfSharesAtAnyTimeAfterOriginalIssueDate'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_EachShareOfSeriesBConvertibleIntoNumberOfSharesAtAnyTimeAfterOriginalIssueDate' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ConversionPricePerCommonShare' xlink:label='fil_ConversionPricePerCommonShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ConversionPricePerCommonShare' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesBPreferredStockSharesAuthorized' xlink:label='fil_SeriesBPreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesBPreferredStockSharesAuthorized' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_RedemptionOfSeriesBPreferredStock' xlink:label='fil_RedemptionOfSeriesBPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_RedemptionOfSeriesBPreferredStock' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AmountOfSeriesBPreferredStockRedemption' xlink:label='fil_AmountOfSeriesBPreferredStockRedemption'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AmountOfSeriesBPreferredStockRedemption' use='optional' order='16.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockAccruedDividendsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_PreferredStockAccruedDividendsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockAccruedDividendsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedDividendsOnPreferredStock' xlink:label='fil_AccruedDividendsOnPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedDividendsOnPreferredStock' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccrualOfDividendsOnEquityPreferredStock' xlink:label='fil_AccrualOfDividendsOnEquityPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccrualOfDividendsOnEquityPreferredStock' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DividendsOnSeriesBMandatorilyRedeemablePreferredStockDeductedFromNetIncome' xlink:label='fil_DividendsOnSeriesBMandatorilyRedeemablePreferredStockDeductedFromNetIncome'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DividendsOnSeriesBMandatorilyRedeemablePreferredStockDeductedFromNetIncome' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DividendsOfSeriesADeductionFromNetIncome' xlink:label='fil_DividendsOfSeriesADeductionFromNetIncome'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DividendsOfSeriesADeductionFromNetIncome' use='optional' order='4.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockEquityTransactionsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_PreferredStockEquityTransactionsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockEquityTransactionsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockParValuePerShare2' xlink:label='fil_CommonStockParValuePerShare2'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockParValuePerShare2' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PreferredStockParValuePerShare' xlink:label='fil_PreferredStockParValuePerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PreferredStockParValuePerShare' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredStockSharesAuthorized' xlink:label='fil_SeriesCPreferredStockSharesAuthorized'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesCPreferredStockSharesAuthorized' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockParValuePerShare' xlink:label='fil_SeriesAPreferredStockParValuePerShare'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockParValuePerShare' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DividendRateOnSeriesCStock' xlink:label='fil_DividendRateOnSeriesCStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DividendRateOnSeriesCStock' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_UnderRecapitalizationForEachSeriesBShareHolderReceivesAbstract' xlink:label='fil_UnderRecapitalizationForEachSeriesBShareHolderReceivesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_UnderRecapitalizationForEachSeriesBShareHolderReceivesAbstract' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCPreferredStockShares' xlink:label='fil_SeriesCPreferredStockShares'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesCPreferredStockShares' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_JFGCommonStockForNoAdditionalConsideration' xlink:label='fil_JFGCommonStockForNoAdditionalConsideration'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_JFGCommonStockForNoAdditionalConsideration' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesBPreferredStockShares6805SurrenderedForExchangeOfSeriesCStock' xlink:label='fil_SeriesBPreferredStockShares6805SurrenderedForExchangeOfSeriesCStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesBPreferredStockShares6805SurrenderedForExchangeOfSeriesCStock' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ExchangeValueOfSeriesBIntoSeriesCStock' xlink:label='fil_ExchangeValueOfSeriesBIntoSeriesCStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ExchangeValueOfSeriesBIntoSeriesCStock' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NumberOfCommonStockSharesIssuedToSeriesCStockholders' xlink:label='fil_NumberOfCommonStockSharesIssuedToSeriesCStockholders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NumberOfCommonStockSharesIssuedToSeriesCStockholders' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonIssuanceOffsettingTheSeriesCCarryingValue' xlink:label='fil_CommonIssuanceOffsettingTheSeriesCCarryingValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonIssuanceOffsettingTheSeriesCCarryingValue' use='optional' order='12.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PerShareValueBasedOnAverageQuotedClosingPrice' xlink:label='fil_PerShareValueBasedOnAverageQuotedClosingPrice'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PerShareValueBasedOnAverageQuotedClosingPrice' use='optional' order='13.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAPreferredStockValueFaceValueAndDividendsPayable' xlink:label='fil_SeriesAPreferredStockValueFaceValueAndDividendsPayable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAPreferredStockValueFaceValueAndDividendsPayable' use='optional' order='14.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_FaceValueOfSeriesAPreferredStock' xlink:label='fil_FaceValueOfSeriesAPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_FaceValueOfSeriesAPreferredStock' use='optional' order='15.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DividendsPayableSeriesAPreferredStock' xlink:label='fil_DividendsPayableSeriesAPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DividendsPayableSeriesAPreferredStock' use='optional' order='16.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockDividendPreferenceAndAccretionDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_PreferredStockDividendPreferenceAndAccretionDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_PreferredStockDividendPreferenceAndAccretionDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesAShareCumulativeDividendRate' xlink:label='fil_SeriesAShareCumulativeDividendRate'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesAShareCumulativeDividendRate' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesBCompoundingDividendPreference' xlink:label='fil_SeriesBCompoundingDividendPreference'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesBCompoundingDividendPreference' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ConversionPriceOfSeriesBIntoCommonStock' xlink:label='fil_ConversionPriceOfSeriesBIntoCommonStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ConversionPriceOfSeriesBIntoCommonStock' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SeriesCCompoundingDividendPreference' xlink:label='fil_SeriesCCompoundingDividendPreference'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_SeriesCCompoundingDividendPreference' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AccruedUndeclaredSeriesCDividends' xlink:label='fil_AccruedUndeclaredSeriesCDividends'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AccruedUndeclaredSeriesCDividends' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ConversionPriceOfSeriesCIntoCommonStock' xlink:label='fil_ConversionPriceOfSeriesCIntoCommonStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ConversionPriceOfSeriesCIntoCommonStock' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_HoldersOfOverPercentageOfSeriesBSharesElectedToParticipateInRecaptilization' xlink:label='fil_HoldersOfOverPercentageOfSeriesBSharesElectedToParticipateInRecaptilization'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_HoldersOfOverPercentageOfSeriesBSharesElectedToParticipateInRecaptilization' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnTheSeriesAPreferredStock' xlink:label='fil_DeferPaymentOfDividendsOnTheSeriesAPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnTheSeriesAPreferredStock' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnTheSeriesBPreferredStock' xlink:label='fil_DeferPaymentOfDividendsOnTheSeriesBPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnTheSeriesBPreferredStock' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnTheSeriesCPreferredStock' xlink:label='fil_DeferPaymentOfDividendsOnTheSeriesCPreferredStock'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnTheSeriesCPreferredStock' use='optional' order='10.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_CommitmentsContingenciesAndMaterialAgreementsAsFollowsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_CommitmentsContingenciesAndMaterialAgreementsAsFollowsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_CommitmentsContingenciesAndMaterialAgreementsAsFollowsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedPayrollTaxes' xlink:label='us-gaap_AccruedPayrollTaxes'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_AccruedPayrollTaxes' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExaminationPenaltiesAndInterestAccrued' xlink:label='us-gaap_IncomeTaxExaminationPenaltiesAndInterestAccrued'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_IncomeTaxExaminationPenaltiesAndInterestAccrued' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PayrollWithholdingsInStateOfWestVirginia' xlink:label='fil_PayrollWithholdingsInStateOfWestVirginia'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PayrollWithholdingsInStateOfWestVirginia' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestAndPenalties' xlink:label='fil_InterestAndPenalties'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestAndPenalties' use='optional' order='4.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_SegmentReportingIndustrySegmentDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_SegmentReportingIndustrySegmentDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_SegmentReportingIndustrySegmentDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Revenues1Abstract' xlink:label='fil_Revenues1Abstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_Revenues1Abstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InvestmentAdvisory' xlink:label='fil_InvestmentAdvisory'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_Revenues1Abstract' xlink:to='fil_InvestmentAdvisory' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SuretyInsurance' xlink:label='fil_SuretyInsurance'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_Revenues1Abstract' xlink:to='fil_SuretyInsurance' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Corporate' xlink:label='fil_Corporate'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_Revenues1Abstract' xlink:to='fil_Corporate' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalRevenues' xlink:label='fil_TotalRevenues'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_Revenues1Abstract' xlink:to='fil_TotalRevenues' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NetIncomeLoss1Abstract' xlink:label='fil_NetIncomeLoss1Abstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_NetIncomeLoss1Abstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InvestmentAdvisory1' xlink:label='fil_InvestmentAdvisory1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_NetIncomeLoss1Abstract' xlink:to='fil_InvestmentAdvisory1' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_SuretyInsurance1' xlink:label='fil_SuretyInsurance1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_NetIncomeLoss1Abstract' xlink:to='fil_SuretyInsurance1' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Corporate1' xlink:label='fil_Corporate1'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_NetIncomeLoss1Abstract' xlink:to='fil_Corporate1' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_TotalNetIncomeLoss' xlink:label='fil_TotalNetIncomeLoss'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_NetIncomeLoss1Abstract' xlink:to='fil_TotalNetIncomeLoss' use='optional' order='4.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceAgreementDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ReinsuranceAgreementDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceAgreementDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PremiumRateAsPerContract' xlink:label='fil_PremiumRateAsPerContract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PremiumRateAsPerContract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_MinimumPremiumAsPerContract' xlink:label='fil_MinimumPremiumAsPerContract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_MinimumPremiumAsPerContract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DepositsToReinsurersQuarterlyInArrearsInEqualAmounts' xlink:label='fil_DepositsToReinsurersQuarterlyInArrearsInEqualAmounts'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DepositsToReinsurersQuarterlyInArrearsInEqualAmounts' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_PrepaidReinsurancePremium' xlink:label='fil_PrepaidReinsurancePremium'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_PrepaidReinsurancePremium' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CededReinsurancePayableDeposited' xlink:label='fil_CededReinsurancePayableDeposited'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CededReinsurancePayableDeposited' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ReinsuranceReceiptAbstract' xlink:label='fil_ReinsuranceReceiptAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ReinsuranceReceiptAbstract' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ReceiptOfCumulativeNoClaimsBonus' xlink:label='fil_ReceiptOfCumulativeNoClaimsBonus'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_ReinsuranceReceiptAbstract' xlink:to='fil_ReceiptOfCumulativeNoClaimsBonus' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_NoClaimsBonusReceivable' xlink:label='fil_NoClaimsBonusReceivable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_ReinsuranceReceiptAbstract' xlink:to='fil_NoClaimsBonusReceivable' use='optional' order='2.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceAgreementCededPremiumDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ReinsuranceAgreementCededPremiumDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceAgreementCededPremiumDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_WrittenCededPremiumOnCoalReclamationSuretyBonds' xlink:label='fil_WrittenCededPremiumOnCoalReclamationSuretyBonds'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_WrittenCededPremiumOnCoalReclamationSuretyBonds' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ContractMinimumOfCededPremiumWritten' xlink:label='fil_ContractMinimumOfCededPremiumWritten'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ContractMinimumOfCededPremiumWritten' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_AdditionalCededPremium' xlink:label='fil_AdditionalCededPremium'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_AdditionalCededPremium' use='optional' order='3.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceOnPremiumWrittenAndEarnedAsFollowsDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_ReinsuranceOnPremiumWrittenAndEarnedAsFollowsDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_ReinsuranceOnPremiumWrittenAndEarnedAsFollowsDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_WrittenAbstract' xlink:label='fil_WrittenAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_WrittenAbstract' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DirectPremiumsWritten' xlink:label='us-gaap_DirectPremiumsWritten'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_WrittenAbstract' xlink:to='us-gaap_DirectPremiumsWritten' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CededPremiumsWritten' xlink:label='us-gaap_CededPremiumsWritten'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_WrittenAbstract' xlink:to='us-gaap_CededPremiumsWritten' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredNetAmount' xlink:label='us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredNetAmount'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_WrittenAbstract' xlink:to='us-gaap_ReinsuranceEffectOnClaimsAndBenefitsIncurredNetAmount' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_EarnedAbstract' xlink:label='fil_EarnedAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_EarnedAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DirectPremiumsEarnedLife' xlink:label='us-gaap_DirectPremiumsEarnedLife'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_EarnedAbstract' xlink:to='us-gaap_DirectPremiumsEarnedLife' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CededPremiumsEarnedLife' xlink:label='us-gaap_CededPremiumsEarnedLife'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_EarnedAbstract' xlink:to='us-gaap_CededPremiumsEarnedLife' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_Net' xlink:label='fil_Net'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='fil_EarnedAbstract' xlink:to='fil_Net' use='optional' order='3.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_StockBasedCompensationOptionsConsistsOfDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_StockBasedCompensationOptionsConsistsOfDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_StockBasedCompensationOptionsConsistsOfDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber' xlink:label='us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice' xlink:label='us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_VestedAwardedIncentiveStockOptions' xlink:label='fil_VestedAwardedIncentiveStockOptions'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_VestedAwardedIncentiveStockOptions' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_VestedStockOptionsOverTheNextThreeYearsEndingInJune2011' xlink:label='fil_VestedStockOptionsOverTheNextThreeYearsEndingInJune2011'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_VestedStockOptionsOverTheNextThreeYearsEndingInJune2011' use='optional' order='4.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.jacobsfinancial.com/20121130/role/idr_SubsequentEventsBorrowingsAndSharesIssuedDetails" xlink:type="simple" xlink:href="jfgi-20121130.xsd#idr_SubsequentEventsBorrowingsAndSharesIssuedDetails"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.jacobsfinancial.com/20121130/role/idr_SubsequentEventsBorrowingsAndSharesIssuedDetails">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_ExtendedBorrowingsFromIndividuals' xlink:label='fil_ExtendedBorrowingsFromIndividuals'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_ExtendedBorrowingsFromIndividuals' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DemandNotesBearingInterestRateMinimumRange' xlink:label='fil_DemandNotesBearingInterestRateMinimumRange'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DemandNotesBearingInterestRateMinimumRange' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_IssuanceOfSharesIncludesInBorrowingsAsAdditionalConsideration' xlink:label='fil_IssuanceOfSharesIncludesInBorrowingsAsAdditionalConsideration'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_IssuanceOfSharesIncludesInBorrowingsAsAdditionalConsideration' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_BorrowingsFromPrincipalShareholderAndCEO' xlink:label='fil_BorrowingsFromPrincipalShareholderAndCEO'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_BorrowingsFromPrincipalShareholderAndCEO' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_InterestRateOnBorrowingsFromPrincipalShareholderAndCEO' xlink:label='fil_InterestRateOnBorrowingsFromPrincipalShareholderAndCEO'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_InterestRateOnBorrowingsFromPrincipalShareholderAndCEO' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_RepaymentsToBorrowingsFromPrincipalShareholderAndCEO' xlink:label='fil_RepaymentsToBorrowingsFromPrincipalShareholderAndCEO'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_RepaymentsToBorrowingsFromPrincipalShareholderAndCEO' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_BalanceOwedToPrincipalShareholder' xlink:label='fil_BalanceOwedToPrincipalShareholder'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_BalanceOwedToPrincipalShareholder' use='optional' order='7.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnSeriesAPreferredStockWhichIsAccruedAndUnpaid' xlink:label='fil_DeferPaymentOfDividendsOnSeriesAPreferredStockWhichIsAccruedAndUnpaid'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnSeriesAPreferredStockWhichIsAccruedAndUnpaid' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnSeriesBPreferredStockWhichIsAccruedAndUnpaid' xlink:label='fil_DeferPaymentOfDividendsOnSeriesBPreferredStockWhichIsAccruedAndUnpaid'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnSeriesBPreferredStockWhichIsAccruedAndUnpaid' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DeferPaymentOfDividendsOnSeriesCPreferredStockWhichIsAccruedAndUnpaid' xlink:label='fil_DeferPaymentOfDividendsOnSeriesCPreferredStockWhichIsAccruedAndUnpaid'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DeferPaymentOfDividendsOnSeriesCPreferredStockWhichIsAccruedAndUnpaid' use='optional' order='10.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_CommonStockSharesIssuedToSeriesBPreferredStockHolders' xlink:label='fil_CommonStockSharesIssuedToSeriesBPreferredStockHolders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_CommonStockSharesIssuedToSeriesBPreferredStockHolders' use='optional' order='11.0'/>
		<link:loc xlink:type='locator' xlink:href='jfgi-20121130.xsd#fil_DividendRateSeriesBPreferredStockholders' xlink:label='fil_DividendRateSeriesBPreferredStockholders'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='fil_DividendRateSeriesBPreferredStockholders' use='optional' order='12.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
</link:linkbase>
