Martin Frankel, aka David Rosse, (born November 21, 1954) is a former U.S. financier, convicted in 2002 of insurance fraud, racketeering and money laundering and is currently serving a 16 year prison sentence. Frankel was born in Toledo, Ohio into a Jewish family. He is the second child of county judge Leon Frankel. He studied at the University of Toledo, but dropped out after two years. Instead he developed an interest in finance and the securities market. In the mid-1980s he befriended John Schulte, the owner of the small brokerage firm of John F. Schulte, Inc, which was affiliated with Dominick Dominick of New York City. He convinced Schulte\s wife Sonia that he was a \"Jewish genius\" and had a surefire method to pick good stocks. In January 1986, Sonia convinced her husband to hire Frankel as a consultant. Schulte soon grew tired of Frankel\s lack of success and the fact that he
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