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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