FAYETTEVILLE — A retired Procter & Gamble executive who’s president of a Fayetteville business training company pleaded not guilty to several fraud charges in federal court Tuesday.
Darrell Rosen, 58, entered not-guilty pleas to three charges of wire fraud and four charges of money laundering in U.S. District Court for the Western District of Arkansas.
The indictment was unsealed Tuesday but wasn’t available by the evening and Rosen waived a reading of his charges. Circumstances of the alleged fraud, amount of money involved and other information remained unclear.
Wire fraud is punishable with up to 20 years in prison and fines up to $250,000, while money laundering can lead to up to 10 years in prison and $250,000 in fines.
Rosen worked for Procter & Gamble for almost 30 years, including a stint as business development executive at locations including Bentonville, until he retired in 2014. He’s listed as president and chief operating officer at Optimus Training & Development in Fayetteville, which offers business coaching for individuals and companies.
The University of Arkansas lists Rosen as an instructor in the professional development program, and he works part-time at Cabela’s. Magistrate Judge Erin Wiedemann prohibited Rosen from handling firearms at the Cabela’s job and restricted his travel. He was released from custody on a $10,000 bond.
Rosen’s trial is set for May 8.