Former NY cop pleads guilty to foreign exchange fund fraud conspiracy

U.S. Attorney for the Eastern District of New York, Breon Peace, speaks during a news conference in Brooklyn, New York, U.S., October 22, 2024.
Former New York City police officer Jason Rodriguez pleaded guilty to conspiracy to commit wire fraud related to his role as the chief operating officer of a foreign exchange investment fund, prosecutors said in a release Thursday.
Rodriguez, 38, was indicted in a Brooklyn federal court in February after he lied to investors and lost most of the $4.8 million put into his forex investment fund, Technical Trading Team. To date, approximately $3.5 million of those funds have not been paid back to the investors, according to the U.S. Attorney’s Office for the Eastern District of New York.