(KRON) — Santa Rosa police mentioned an 80-year-old Los Angeles lady was discovered responsible on 24 felony expenses tied to an “elaborate Ponzi scheme targeting the elderly community.” One of many victims included a Santa Rosa lady who was tricked out of $1.5 million, mentioned police.
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Elana Cohen-Roth, who was arrested for the alleged crimes again in 2022, was sentenced Thursday by a Sonoma County Superior Court docket after a three-week lengthy trial.
Cohen-Roth, a former IRS Subject Agent and IRS Tax Auditor, was working as an enrolled agent and tax return practitioner in LA, when the monetary abuse occurred, in response to authorities.
Police mentioned the unidentified Santa Rosa sufferer was duped into pondering she was funding “lucrative high-yielding investment opportunities.” She made 24 transfers to Cohen-Roth between 2013 and 2019 that amassed to greater than $1.5 million, mentioned police. The lady was finally compelled to take a reverse mortgage on her house, so she may proceed “investing” with Cohen-Roth. Earlier than lengthy, she was $270,000 in debt. It was when the sufferer ran out of cash and requested for her investments to be liquidated that “the suspect’s demeanor and communications raised suspicions,” which led to Santa Rosa detectives being alerted.
Investigators imagine that Cohen-Roth took in additional than $4.8 million from “numerous” victims within the scheme’s period.
In January 2022, Cohen-Roth was arrested by Santa Rosa Police Property Crimes Investigators along side Los Angeles police at her Marina del Ray house. She was finally launched on bail and remained out of custody till her trial concluded. After her responsible verdict, Cohen-Roth was ordered again into custody for a number of expenses, together with:
20 counts of felony monetary elder abuse
3 counts of felony cash laundering
1 rely of felony aggravated white-collar crime
Santa Rosa police wrote in a Fb put up, “The Santa Rosa Police Department extends its gratitude to the members of the jury in this trial for their time, service and dedication to the pursuit of justice. We would also like to thank the Sonoma County District Attorney’s Office for their diligence and commitment throughout this case.”
