In a plea agreement, Jacob admitted he had intended to obstruct federal authorities when he disposed of the wreckage, and had created the video to make money through a sponsorship with a wallet company.
"Jacob further admitted he lied to federal investigators when he submitted an aircraft accident incident report that falsely indicated that the aircraft experienced a full loss of power approximately 35 minutes after takeoff," a statement from the Department of Justice said.
"Jacob also lied to an FAA aviation safety inspector when he said the airplane's engine had quit and, because he could not identify any safe landing options, he had parachuted out of the plane."
He has agreed to plead guilty to one count of destruction and concealment with the intent to obstruct a federal investigation, a crime that carries a statutory maximum sentence of 20 years in federal prison.
The YouTuber is expected to formally enter his plea in Los Angeles in the coming weeks, and be sentenced at a later date.
The video he posted, which can be seen here: https://www.youtube.com/watch?v=vbYszLNZxhM attracted a lot of criticism in the weeks and months after it was published.
Numerous pilots and aviation experts commented that Jacob had failed to take even elementary steps to restart his plane's apparently troubled engine.
Others pointed out that he could easily have safely glided the plane to a landing spot, and that wearing a parachute while flying a small aircraft was highly unusual.
