On May 28, 2020, in the Southern District of Florida, Teo Rosengarten pled guilty for his role in a conspiracy involving the impersonation of employees from various government agencies. Rosengarten was initially charged in February 2020.

According to the court documents, from about March 2017 through in or around July 2017, Rosengarten conspired with others, including co-defendant Scott Levenberg, to launder money in connection with a wire fraud scheme. Per the factual agreement accompanying co-defendant Levenberg's guilty plea, the scheme involved various individuals who called victims and pretended to be government officials, most often Internal Revenue Service (IRS) agents. The callers claimed the victims owed back taxes with compound interest and fees. The callers threatened victims with arrest if they did not make immediate payments into bank accounts controlled by Rosengarten.

As part of the conspiracy, Rosengarten provided his bank account information to receive funds from victims of the scheme, in exchange for a percentage of the deposited money. In addition, Rosengarten recruited others to open multiple bank accounts, in order to receive money that he knew was derived from criminal activity.

Rosengarten faces a statutory maximum term of imprisonment of up to 20 years, followed by a term of supervised release of up to three years, and a court imposed fine of up to $500,000, or double the gross proceeds from the scheme.

Source:  The facts in this case narrative come from the following publicly available documents: S.D. Fla. Plea Agr., filed Apr. 16, 2020, S.D. Fla. Super. Infor., filed Feb. 28, 2020, and S.D. Fla. Factual Agr., filed May 28, 2020.