A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings. According to the Sonoma County District Attorney Carla Rodriguez's office, 81-year-old Elana Cohen-Roth of Marina Del Rey in Los Angeles County was sentenced to 12 years in prison on Friday.
Main Idea: Retired IRS agent Elana Cohen-Roth was sentenced to 12 years in prison for running a fraud scheme that took about $1 million from an elderly Sonoma County woman.
Key Points:
The case shows how trusted financial advisers can steal from older adults, causing families to lose savings and forcing taxpayers and courts to spend more on fraud cases.
Sonoma County prosecutors’ prison sentence may deter similar scams and warn consumers to verify investment offers, especially promises of high returns with no risk.
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