A sophisticated conspiracy that drained over $1.1 million from the 401(k) accounts of elderly retired Florida school district employees has resulted in the convictions of five defendants, announced Acting United States Attorney Michelle Spaven for the Northern District of Florida.
The complex scheme involved fraudulent withdrawal forms and money laundering, targeting the hard-earned retirement savings of vulnerable individuals. The defendants, Ronald Vargas, Sarina Levy, Lambert Aguebor, Floyd Bostic, and Grace Aguebor, participated in a conspiracy to steal retirement funds from a 401(k) savings program primarily consisting of Florida school district employees or former employees.
Ronald Vargas, 38, of Osteen, pleaded guilty on August 21, 2024, to Conspiracy to Commit Wire Fraud, Aggravated Identity Theft, and Conspiracy to Commit Money Laundering. Sarina Levy, 34, of Pembroke Pines, pleaded guilty on August 8, 2024, to Conspiracy to Commit Wire Fraud and Aggravated Identity Theft. Grace Aguebor, 36, of Miramar, also pleaded guilty on February 6, 2025, to Conspiracy to Commit Wire Fraud and Aggravated Identity Theft…