י"ז אלול התשפ"ד
20.09.2024

Price fraud: 22 years 'imprisonment to orthodox Maodoff

Eli Weinstein convicted of defrauding $ 200 million - was sent to 22 years in federal prison • The property will be confiscated

Price fraud: 22 years 'imprisonment to orthodox Maodoff

Trenton, New Jersey: 22 years imprisonment imposed today (Tuesday) , upon Eliyahu Weinstein, the Lakewood resident who was convicted of defrauding.

Weinstein called the orthodox Maidoff , convicted by his own admission at a plea bargain defrauding the total $ 200 million.

Weinstein signed the plea bargain and tried to return it, no comment on the verdict. Property will be confiscated to allow compensation to the victims.

The sentence is not the final word: Weinstein is facing conviction and sentence for another affair that could send him to prison for long years.

According to court sources, a friend of Weinstein testified that he had been abused as a child, to convince the judge for leniency. The family of Weinstein stunned attending court, protested against what the court rejected the testimony.

Weinstein, a young man of 37, was defined as the wonder boy of the world of real estate, he lived in Har Nof, Jerusalem, and later moved to Lakewood , where he became the ' brand' of professional real estate, but also learned a huge contribution to the deportees , yeshiva heads and kollel heads .

Many hoped in their heart of hearts that it will turn out that Weinstein came out clean, but as stated, the defendant pleaded guilty. Meanwhile, last year it was also found that the customers of Weinstein were hundreds of ultra-Orthodox families from Florida, London, Lakewood and Israel, who relied on him and deposited him the money for real estate purchases.
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