Former lawyer, CPA face more charges in $6.3M fraud

SARASOTA — Phillip Roy Wasserman, 63, of Sarasota, and Kenneth Murray Rossman, 62, of Bradenton, previously indicted by a grand jury on wire fraud and other charges stemming from an alleged investment fraud they ran, face additional charges. 

The additional charges, in a superseding indictment, include filing false income tax returns, conspiracy to commit wire fraud and mail fraud and substantive counts of wire fraud and mail fraud, according to the U.S. Attorney's office. The superseding indictment also charges Wasserman with tax evasion and notifies the defendants that the U.S. seeks a money judgment of at least $6.3 million, the proceeds of the charged criminal conduct. 

According to the superseding indictment, Wasserman, a former lawyer and licensed insurance agent, and Rossman, a CPA and licensed insurance agent, made false and fraudulent misrepresentations and concealed material information to convince elderly victim-investors to put their money into Wasserman’s new insurance venture called FastLife.