Five Florida residents worked together to steal more than a million dollars from the retirement accounts of school district employees in the Sunshine State, federal prosecutors said.
One of the individuals involved, Ronald Vargas, worked for the company that oversaw their 401(k) accounts, according to the U.S. Attorney’s Office for the Northern District of Florida.
Now, Vargas and the others have all been convicted in connection with the theft from 25 older, retired school employees, the U.S. Attorney’s Office said in a Feb. 21 news release…