SAN DIEGO — A La Jolla couple was indicted by a federal grand jury last week on charges stemming from an alleged $100 million securities fraud and money laundering scheme, federal prosecutors announced.
Brett Rosen, 45, and Deborah Rosen, 44, are accused of carrying out a years-long market-manipulation scheme through their investment firm, RB Capital Partners, Inc., according to the U.S. Attorney’s Office for the Southern District of California.
A 24-count indictment alleges that since 2020, the Rosens financed, promoted and sold stock in six publicly traded companies — Optec International, Inc., Sunshine Biopharma, Inc., BlockQuarry Corp., Solar Integrated Roofing Corp., Cyberlux Corp. and Ilustrato Pictures International, Inc. — while providing false and misleading information to investors about their financing and stock positions.
Prosecutors allege the misleading promotions were intended to drive public investment while the Rosens secretly sold their own shares for millions of dollars. Court documents state the proceeds were used to fund the couple’s lavish lifestyle, including the purchase of a multimillion-dollar home in La Jolla Shores.
The case was investigated with assistance from the Securities and Exchange Commission, the Criminal Prosecution Assistance Group of the Financial Industry Regulatory Authority, and the FBI.
The Rosens are charged with conspiracy, securities fraud, conspiracy to launder monetary instruments and money laundering. If convicted, they face potential sentences of up to 20 years in federal prison on several counts, as well as millions of dollars in fines.
