What is the alleged fraud scheme run by Brett and Deborah Rosen?

Brett and Deborah Rosen are accused of running a $100 million penny stock pump-and-dump scheme through their investment business, RB Capital Partners, Inc.

How did Brett and Deborah Rosen fund their lifestyle?

Prosecutors allege the couple used over $26 million in illicit profits from their alleged fraud scheme to fund their glamorous lifestyle, including purchasing a multi-million dollar mansion.

What charges do Brett and Deborah Rosen face?

The couple faces 24 counts, including conspiracy, securities fraud, conspiracy to launder monetary instruments, and money laundering.

Home / Crime and Justice / Couple Accused of $100M Pump-and-Dump Scheme

Couple Accused of $100M Pump-and-Dump Scheme

23 Jan

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Summary

Couple allegedly ran a $100 million penny stock fraud and money laundering scheme.
Profits funded a glamorous lifestyle including a multi-million dollar mansion.
Charged with conspiracy, securities fraud, and money laundering.

Couple Accused of $100M Pump-and-Dump Scheme

Brett and Deborah Rosen, a couple residing in southern California, have been charged with operating a fraudulent $100 million scheme involving penny stocks and money laundering. Their investment business, RB Capital Partners, Inc., is accused of manipulating six publicly traded companies from 2020 through at least June 2024. Prosecutors allege the Rosens inflated stock prices using misleading promotions while secretly dumping their own shares for profit.

The indictment, filed on January 16, charges the couple with 24 counts, including conspiracy, securities fraud, and money laundering. The Securities and Exchange Commission (SEC) further claims the couple netted over $26 million in illicit profits. These funds were allegedly used to support a glamorous lifestyle, including the purchase of a multi-million dollar mansion in San Diego's La Jolla Shores neighborhood. The couple has been featured in finance publications for their work, though their public statements at the time emphasized transparency and belief in their investments.