From the outside, David and Rachel Rosen appeared to be living the dream.
The La Jolla Shores couple, both in their mid-40s, resided in a multi-million-dollar home and enjoyed what federal prosecutors later described as a “lofty lifestyle.” But according to authorities, that lifestyle was allegedly funded through a massive financial crime operation.
Earlier this month, a federal grand jury indicted the Rosens on 24 criminal counts, accusing them of orchestrating a $100 million fraud and money-laundering scheme through their joint investment firm, RB Capital Partners.
The U.S. Attorney’s Office for the Southern District of California alleges that since 2020, the couple manipulated the stock market by financing, promoting, and selling shares of six publicly traded companies: Optec International, Sunshine Biopharma, BlockQuarry Corp., Solar Integrated Roofing Corp., Cyberlux Corp., and Ilustrato Pictures International.
Prosecutors claim the Rosens misled investors and the broader market by providing false and deceptive information about their stock holdings and financial backing of these companies. While publicly promoting the stocks, authorities allege the couple was secretly selling off their own shares, generating millions in illicit profits.
The Rosens now face charges including conspiracy, securities fraud, conspiracy to launder monetary instruments, and money laundering. If convicted, they could receive decades-long prison sentences and substantial financial penalties.
