Bill Gross and his spouse were found guilty for violating a restraining or by playing loud music.
Each bond investor must pay $1,000 and spend five days in jail.
Their dispute with Laguna Beach neighbors started last year over an outdoor sculpture worth $1 million.
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Bloomberg reported that Bill Gross, a billionaire bond investor, and Amy Gross were found guilty of violating temporary restraining orders.
This ruling is the latest in a long-running legal dispute with Laguna Beach neighbors.
According to the Los Angeles Times, the couple is currently in legal trouble with Mark Towfiq (nearby) and Carol Nakahara (nearby), since last year, when the Grosses installed white netting in their backyard to protect their $1 million outdoor sculpture.
Towfiq complained to the city that the netting was blocking his view. Towfiq and his spouse filed a three-year restraining orders against the Grosses. They claimed that they played the "Gilligan's Island” theme song every hour as a response. The LA Times reported that the dispute sparked a bitter fight between the neighbors.
Bill and Amy Gross, who had been married in April this year, filed suit claiming that their neighbors were obsessed and that the show's main theme song was not played to upset their neighbors.
Gross said that the theme song to "Gilligan's Island", which he sang, has special meaning because it resembles the view from his home.
Gross cited the report. Gross stated that he could see the TV from outside and still see the same palm trees 55 years ago. Gross said, "This is amazing!"
Judge Kimberly Knill called the Grosses "contemptuous" for their flagrant violation of the restraining orders that prohibited them from playing loud musical instruments. He also said that he was an "instigator" and called him "contemptuous". According to The Daily Beast, Knill gave Gross and his wife a $1,000 each and five days imprisonment.
Due to the COVID-19 pandemic the judge permitted two of the five days to serve as community service. Other infractions were not allowed. The Daily Beast reported that the court has not yet decided how to spend the remaining three days of their sentence.
In a Friday statement, the billionaire bond investor retired called the sentence "a Travesty of Justice and a Black Mark on the Orange County Judicial System." He plans to appeal the decision.
Chase Scolnick was the attorney for the Grosses' neighbours and said that his clients were pleased with today's outcome.
Scolnick stated that Bill and Amy Gross should be able to change their behavior in court, which will allow them to live peacefully, citing a Los Angeles Times report.