The conspiracy drained more than $ 1m of the retirement funds of the employees of the Florida school

Tallahassee, fla. – A man from the Volusia County is among the five residents of Florida who have been accused in a scheme to drain more than $ 1 million retirement funds for elderly employees from the Florida school district, according to the office of the office of the Prosecutor of the United States.

In a launch On Friday, prosecutors said the conspiracy involved the next five suspects:

• Ronald Vargas, 38 – declared conspiracy to commit electronic fraud, aggravated identity and conspiracy to commit money laundering

• Sarina Levy, 34 – declared conspiracy guilty to commit cable fraud and aggravated identity theft

• Lambert Aguebor, 33 – Declared conspiracy to commit electronic fraud and conspiracy to commit money laundering

• Floyd Bostic, 42-Declared conspiracy to commit fraud to the cable, three charges of cable fraud, aggravated identity theft, conspiracy to commit money laundering, 16 money laundering charges and operating a business without a license that transmits money

• Grace Aguebor, 36 – declared conspiracy guilty to commit electronic fraud and aggravated identity theft

According to prosecutors, Vargas, Osteen, helped elaborate the fraud scheme, that the retirement funds of the victims would pay him already his conspirators.

“The defendants were involved in a conspiracy to steal retirement funds of the participants in a 401 retirement savings program (K) composed in a large part of the employees of the Florida School District or previous employees,” says the statement. “Between January 2022 and March 2022, Vargas, who worked for the company that managed the retirement fund, conspired with the other defendants so that fraudulent retreat forms have been founded to the company that requested that the funds of Victims retirement are transferred to accounts controlled by members of the members of the members of the conspiracy members. “

In total, prosecutors said the defendants stole $ 1.1 million, either withdrawing or trying to withdraw retirement funds from 25 different accounts of 401 (K).

The sentence hearings for all the defendants are scheduled for April 28 at the United States Justice Palace in Tallahassee, according to the statement. Prosecutors said they face up to 20 years in prison and up to three years of supervised release for conspiracy to commit electronic fraud.

In addition, the statement urges anyone who is at least 60 years old and has experienced financial fraud to call the direct nursing home of national elders at (833) 372-8311.