EnglishHaitian CreoleSpanish
 

Text Resize:   A   A

A $150,000 investment in a Limited Partnership intended to develop 2.2 acres of vacant land in North Miami has led to the charging of former North Miami Beach Mayor Myron Rosner.

The investigation conducted by the Miami-Dade State Attorney’s Office and the State of Florida’s Office of Financial Regulation revealed that after making a series of false investment representations and omitting several material facts to Dr. David Rosenbaum, an investor in a prior successful development group, Mr. Rosner obtained $150,000 from Dr. Rosenbaum. This made Dr. Rosenbaum one of 10 planned Limited Partners in the enterprise. The investment package supplied to Dr. Rosenbaum (and supposedly supplied to other potential investors) indicated that Myron Rosner’s wife, Sarah Zabel, was named as the General Partner of the Limited Partnership.

Problems arose in the course of attempting to develop the property, including a failure to gain any additional investors. However, rather than returning Dr. Rosenbaum’s $150,000, the money was spent paying $13,000 on the mortgage on Rosner and Zabel’s home, paying Rosner $86,700, paying Rosner’s construction company $10,000, and paying some $30,000 in personal expenses through Rosner’s construction company. Ultimately the investment account was left with a balance of $350.00.

Myron Rosner is charged with:

  • 1 count            Securities Fraud (3rd Degree Felony)
  • 1 count            Sale of an Unregistered Security (3rd Degree Felony)
  • 1 count            Sale of Security by an Unregistered Dealer (3rd Degree Felony)
  • 1 count            Grand Theft (3rd Degree Felony)

“Florida’s securities statutes exist to protect investors from fraud,” said State Attorney Katherine Fernandez Rundle. “Good faith, good intentions and grand plans mean little when invested monies are transformed into credit card and mortgage payments. I wanted to thank the Bureau of Financial Regulation for all the assistance they provided throughout this investigation.”


SAO Logo News

SA Statement: Incident at Miami International Airport

Miami (July 2, 2020) - "Like so many in our community, I am angered when I see abusive or improper conduct by a police officer. I have spoken to MDPD Director Ramirez about this incident and have my...


SAO Logo Uncategorized

Immediate Release: Accosted & Threatened, Black Homeowner Then Victim of Racial Slurs

Miami (June 30, 2020) - State Attorney Katherine Fernandez Rundle, Miami-Dade Police Director Alfredo Ramirez and Florida Department of Law Enforcement Miami Special Agent in Charge Troy Walker...


SAO Logo News

Media Advisory: Press Conference--Charging of Former Miami Gardens Police Office

Miami (June 25, 2020) – On Thursday, June 25, 2020, State Attorney Katherine Fernandez Rundle, Florida Department of Law Enforcement Special Agent in Charge Troy Walker and Miami Gardens Mayor...

 

Back To Top