FAYETTEVILLE, Ark. – A northwestern Arkansas man who defrauded 13 investors out of more than $1.4 million in a dog business scam has been sentenced to more than five years in prison.
The Northwest Arkansas Democrat-Gazette reports that Darrell Rosen was sentenced Monday after pleading guilty to money laundering and filing a false income tax return. The Rogers man is also ordered to pay $1.4 million in restitution and more than $439,000 to the IRS.
Court documents show Rosen from 2010 to 2014 tricked people in Arkansas and Texas to invest in an unidentified “dog business” for training and selling dogs to government agencies and private companies. Documents show Rosen used false contracts claiming such buyers were interested and promising generous returns on investment. He used the money for personal expenses.
Rosen is to self-report to prison Aug. 20.