NJ Man Cops To $200M Real Estate Investment Scam

Law360, Los Angeles (January 3, 2013, 10:14 PM EST) -- Eliyahu “Eli” Weinstein pled guilty in a New Jersey federal court on Thursday to charges that he and other co-conspirators cheated members of the Orthodox Jewish community out of $200 million in a real estate investment Ponzi scheme.

Just days before a Jan. 7 trial date, Weinstein’s admission on Thursday closes the book on allegations that the Lakewood, N.J.-resident, who was first charged in 2010, headed a multimillion-dollar investment scheme for seven years and then laundered the invested funds.

Weinstein allegedly lied to investors about having...
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Case Information

Case Title

USA v. WEINSTEIN et al


Case Number

2:10-mj-07115

Court

New Jersey

Nature of Suit

Date Filed

August 11, 2010

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UK Financial Services

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