Swindling salesman convicted in the U.S. for a large Toronto investment fraud

Edward Rosenberg, also known as Ed Rose, was sentenced to 34 months in a U.S. prison for his role in a $21 million investment fraud scheme involving colored diamonds while working with Paragon International Wealth Management in Toronto. Arrested in December 2024 during a trip to the U.S., he pleaded guilty to conspiracy to commit wire fraud, asserting he played a minor role in the operation, despite his history as a rabbi and community figure.

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