After promising Justin Bieber, Eagles concerts, Austin businessman instead lands behind bars

An erstwhile Austin concert promoter has been sentenced to 10 years in state prison after defrauding investors who sunk nearly $2 million into his business.
David Elliott Rosen pleaded guilty to securities fraud in Travis County State District Court. As part of his May 4 sentencing, he was ordered to pay restitution of $1.8 million.
Rosen was indicted in 2015 on securities fraud, theft and money laundering charges resulting from his sale of investment contracts and promissory notes in a “concert…

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