A Redding man has entered a guilty plea in an investment fraud case.
Robert E. Rosenau today pleaded guilty in federal court in Sacramento to one count of mail fraud.
According to court documents, Rosenau was employed by and had management control of Rosenau Investments Inc., a hard money lender specializing in short-term loans for real estate rehabilitation. Rosenau Investments obtained the money for loans from individual investors whose loans were associated with specific properties.The firm told its investors that it did not loan money on properties with a loan to value ratio of more than 70 percent and that it maintained a lien on the properties in a primary position, according to a federal Department of Justice news release.








