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Date: Sept. 3, 2026
Contact: newsroom@ci.irs.gov
Tucson, AZ – On Monday, Rodney Rosenstein of Huntington Beach, California, was ordered detained pending trial for his involvement in multiple fraud schemes. Earlier this month, a federal grand jury in Tucson returned an indictment against Rosenstein for Conspiracy to Commit Bank Fraud and Conspiracy to Commit False Statements to Influence a Financial Institution.
The indictment alleges that Rosenstein and other co-conspirators obtained approximately $2.9 million from 15 fraudulent loans under the Paycheck Protection Program’s Coronavirus Aid Relief and Economic Security Act, known as the CARES Act. Rosenstein and his co-conspirators obtained such loans using fake employment tax and W-2 forms. The co-conspirators also submitted fraudulent payroll documentation and other false statements to receive loan forgiveness. According to the indictment, Rosenstein and his co-conspirators obtained another $35 million in loans by using fake “rent roll” documents and other false statements in a commercial loan fraud scheme.
A conviction for Conspiracy to Commit Bank Fraud carries a maximum penalty of 30 years in prison and a $1,000,000 fine. A conviction for Conspiracy to Commit False Statement to Influence a Financial Institution carries a maximum penalty of five years in prison and a $250,000 fine.
IRS-Criminal Investigation, the FBI Phoenix Division’s Tucson office, and Federal Housing Finance Agency, Office of Inspector General conducted the investigation. The U.S. Attorney’s Office, District of Arizona, Tucson, is handling the prosecution.
IRS-CI is the law enforcement arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. It is the only federal law enforcement agency with investigative jurisdiction over violations of the Internal Revenue Code. IRS-CI has 16 field offices located across the U.S. and maintains an international presence through attaché posts abroad.