Five Charged in $3.5M Fraud Scheme, Money Laundering, Florida 2024

Five Florida residents have been charged with a $3.5 million fraud and money laundering scheme that left victims reeling.

According to the United States District Court for the District of South Carolina, the indictment charges five individuals for their roles in a fraud and money laundering scheme that resulted in a cumulative loss of at least $3.5 million.

The defendants, identified as:

• Michael Todd, 42, of Lantana, Florida
• Kimberly Rodriguez, 41, of Boca Raton, Florida
• David Lee, 39, of Pompano Beach, Florida
• Jason Brooks, 45, of West Palm Beach, Florida
• Erin Jackson, 38, of Fort Lauderdale, Florida

are accused of operating a complex scheme that targeted victims through fake investment opportunities and then laundering the proceeds through various financial institutions.

US Attorney for the Southern District of Florida, Juan Antonio Gonzalez, stated, ‘The charges filed in this case demonstrate our commitment to protecting the public from sophisticated and brazen schemes that line the pockets of individuals at the expense of the vulnerable.’

The indictment outlines a range of charges, including conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering.

The case is being investigated by the FBI and the IRS-Criminal Investigation Division.