NJ Fraudster Can't Take Back Guilty Plea In $200M Scheme

Law360, New York (November 25, 2013, 10:01 PM EST) -- A New Jersey man implicated in a $200 million real estate Ponzi scheme will be sentenced in January, after a federal judge denied on Monday his motion to withdraw his guilty plea, in which he argued that prosecutors had violated his plea agreement.

Eliyahu “Eli” Weinstein pled guilty in January to conspiring to operate the multimillion-dollar Ponzi scheme, in which he and his co-conspirators allegedly lied to investors about having access to lucrative real estate investment opportunities and Weinstein then spent the investments he received on...
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