West Boca Raton’s David Cohen Jailed On Money Laundering, Fraud Charges
INVESTIGATORS: Cohen Not Registered Dealer, Advisor, But Took $1.2M From Investor For Cannabis Company
David Bruce Cohen, Courtesy Palm Beach County Jail.
UPDATE 9:14 A.M. Friday, October 23, 2020: We now have the arrest report which you can read below. Cohen is accused of taking more than $1M from an “investor,” even though he is — according to investigators — not licensed as “registered dealer, investment advisor or associated person.” Cohen allegedly operated under the name “ECP Capital Partners.”
BOCA RATON, FL (BocaNewsNow.com) — The affidavit of probable cause continues to be processed early Friday morning but the Palm Beach County Jail reports that David Bruce Cohen is facing multiple charges relating to fraud.
According to jail records, Cohen was booked into jail at 10:47 Thursday morning on the following charges: “Fraud — Money Laundering 100k Or More,” “Fraud, Swindle, Obtain Property (valued at) $50,000 Or More,” and “Grand Larceny — First Degree $100,000 or more.”