Thief remains a thief: Huge scam again, again Eli Weinstein

It was the hottest stock issuance in the history of the Internet. Investors from all over the world want to get their hands on shares of Facebook. A few weeks earlier recruited businessmen Eli Weinstein, Alex Schleider and Aaron Muskal, an investor from New Zealand and assured him that they have a 'special' access to the difficult to come by shares of the company.

This week they are in court accused of fraud in $ 6.7 million.

One of the most notable names in the hoax exciting the American media is Haredi businessman Eli Weinstein from Lakewood, known as a heavy contributor to Torah institutions in Israel and the U.S. Weinstein was arrested six months ago by the FBI on suspicion of Ponzi scam worth hundreds of millions dollars. A few months later he pleaded guilty to fraud and money laundering, the order of about $ 200 million.

According to the court decision, he faces a prison sentence of 25 years.
But for this week it turns out that the thief remains a thief: the three convinced an investor from New Zealand that they could access Facebook shares for investment, before trading at the stock market. That way they were able to collect huge sums of money, without giving him a return for the guaranteed investment.

According to court, Weinstein used the money he received to finance the legal expenses for the fraud trial. The money is also used to release the home from foreclosure. In addition, he also contributed to the synagogue where he prays, and funded new investments, such as gold deal in Africa.

"People took advantage of an innocent investor," said attorney Paul Fishman, a representative of the claim, "shamelessly Eli Weinstein allegedly committed crimes attributed to him, while he was faced with an even larger fraud indictment against him."
Investor from New Zealand realized last January that the money he invested was lost. It happened a few days after Weinstein admitted in court that he defrauded investors from all over the U.S. for $ 200 million.

He arrived on a direct flight to New Jersey to meet Weinstein. The meeting was held at a hotel, where they clashed. "You must trust me," Weinstein said at that meeting.

Following this fraud Weinstein now faces a prison sentence of 30 years or more.

The trial of the other accused will be held separately.

'בחדרי' גם ברשתות החברתיות - הצטרפו!