This is the fault of the Lakewood askanim and rabbanim, who didn't allow anyone who knew anything while the scheme was going on to go to the authorities!
New York resident Eliyahu (Eli) Weinstein (51), who was released from custody in 2021 after receiving a pardon from President Donald Trump, has been sentenced to 37 years in prison for a new fraud scheme.
According to prosecutors, Weinstein, who belongs to the Orthodox Jewish community, used the alias "Mike Konig" to conceal his identity and solicited money from investors claiming he would invest in COVID masks, baby formula and emergency equipment destined for Ukraine.
The money was actually used for gambling, real estate purchases and luxury watches.
The federal court in New Jersey determined that Weinstein defrauded more than 150 investors of $41 million and ordered him to pay $44 million in restitution.
US District Judge Michael Shipp said Weinstein had received “a gift that few have received in the United States” and that he “squandered” it by immediately returning to crime. Victims told the court Weinstein ruined families and stole life savings, and prosecutors said he has taken a quarter of a billion dollars from investors over the past twenty years.
Weinstein’s co-defendant Ari Bromberg received twelve years. Prosecutors revealed that two associates secretly recorded Weinstein admitting the fraud, saying he “finagled and Ponzied and lied to people to cover us for our deals.” He was convicted of securities fraud, wire fraud, money laundering and making false statements.
Weinstein still owes more than two hundred twenty eight million dollars in restitution from his first Ponzi scheme, which targeted many in the Orthodox Jewish community. His attorney says he is innocent and will appeal.
7 comments:
And people wonder why so many kids frei out. Perhaps because of the utter corruption/stupidity of rabbonim.
the rabbonim in fakewood all suffer from a major case of Navul Birshus Hatorah. They think they know everything. EVERYTHING they do is to maintain control of the sheep. Anyone with a brain realizes that they are frauds and egomaniacs. This mesirah bullshit is taken to all kinds of levels. Perhaps they are getting kickbacks to protect these ganavim. These bearded dufuses have also created the shidduch crisis and with that, the divorce crisis too. All these young, naive girls being sold a bill of goods ... "He's the best boy in Lakewood!" . Of course, every boy is the best boy.
Your hate for Lakewood has nothing to do with the current event.
You hate the city for reasons that you know best on your own. It does not come from a good place when an individual writes negatively about an entire city of Jews of all types including the highest caliber talmidei chachamim
Efsher nisht!
I don't hate fakewood at all, my children and grandchildren live there!
The fakwooders are the ones badmouthing an entire country where most Jews live! Israel also has "he highest caliber talmidei chachamim" so why are they constantly being mafsik their learning to badmouth the majority of klall yisrael???????
Why don't they tackle their own issues such as thousands going off the derech, drugs, suicide, girls not married etc etc, why are they so obsessed with the country that is the home of the majority of the Jewish people?
Clean up your city first!
Hi this problem has nothing to do with Lakewood. This is a man who has problems so let’s not blame Lakewood.
1:50
Listen buddy!
Shut up if you have no idea what happened??
He was backed by Fakewood Asskanim, they vouched for him after he had pulled off something like this years before, they enabled him, and so did the Fakewood ROB'anim
מצוה לפרסם
The askonim DIN refers to were pressured into the Weinstein saga by a rosh yeshiva outside of Lakewood who is family. And there is a group of YU rabbis, family of Weinstein's wife, who did things equally as stupid & misguided as the yeshivishe gang. What kind of dumb shameless broad is his wife anyway when Eli put up a mistress in a mansion on nearby 14th St? Now DIN needs to sit down for this: Weinstein davened in Kol Aryeh whose Ruv is brother of the Monsey beheimah who just got pardoned by Trump. Surprised by the way that DIN didn't ridicule Yossi Gestetner from Satmar who is cheerleading the Monsey pardon on social media
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