Overview

• Elana Cohen-Roth, 81, was sentenced to 12 years in state prison after being convicted on 23 felony counts of financial fraud.
• From 2013 to 2019, Cohen-Roth promised 'no-risk' investments with 10% returns, soliciting over $1 million from the victim in more than 20 transactions.
• The scheme collapsed in 2020 when the victim requested her money back, revealing the fraudulent Ponzi structure Cohen-Roth used to fund her lifestyle.
• The victim, now financially destitute, was forced to take out a reverse mortgage and is unable to recover her lost life savings.
• Judge Paige Hein reduced the sentence from a potential 28 years due to Cohen-Roth's advanced age, with the District Attorney calling the punishment appropriate but acknowledging the victim's irreparable losses.