a former Procter and Gamble executive in Bentonville, has been indicted by a federal grand jury for defrauding investors in a business to train and sell dogs to private companies and the federal government.
Rosen owned a dog care business, Rover Oaks, and a dog training business, Mountain Creek Kennels. He previously was a director for the IAMS dog food division at P&G, retiring after 30 years in 2014, according to an article in the Northwest Arkansas Democrat-Gazette
Rosen, the indictment said, had misrepresented to potential investors his ability to train and sell dogs. He told them such things as, "U will be a filthy rich man." Among other representations was a claim he had a contract to provide dogs to the CIA.
Rosen allegedly solicited money over four years and promised returns of 25 percent a year.
Rosen, indicted on three counts of wire fraud and four of money laundering, made an initial appearance in federal court in Fayetteville on Tuesday and was released on bond. The indictment doesn't summarize the amount Rosen may have raised through the scheme, but the wire fraud counts cover three transfers totaling $205,000. The money laundering counts refer to money he transferred to himself from those transfers.
Here's the indictment.