Eli Weinstein, a member of Lakewood’s ultra-Orthodox community who has been accused of ripping off former partners in courts from New Jersey to Israel, was arrested by federal agents early this morning and charged with a $200 million ponzi scheme.The 35-year-ancient real estate investor and former used car salesman, taken into custody at his home, was charged with bank and wire fraud for allegedly running an investment fraud scheme, said the U.S. Attorney’s Office in Newark.Weinstein faces a string of civil lawsuits seeking millions in hurts over real estate transactions that span the world.
Posts Tagged ‘Wire Fraud’
Lakewood New Jersey Real Estate Devloper Charged
August 16th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Car Salesman, Civil Lawsuits, Damages, Federal Agents, Fraud Scheme, Investment Fraud, Israel, Jersey Real Estate, Lakewood New Jersey, New Jersey Real Estate, Newark, Orthodox Community, Real Estate Investor, Real Estate Transactions, Weinstein, Wire Fraud 
Comments OffSuspect in $9 Million RBS WorldPay Hack Extradited to U.S. – wired.com – 09 Aug 2010
August 12th, 2010 Before You Invest One of the alleged ringleaders behind the 2008 hack of RBS WorldPay has been extradited to the U.S., where he was arraigned Friday in the Northern District of Georgia on charges that he helped coordinate the global $9.5 million bank card heist.Sergei Tsurikov, 26, of Tallinn, Estonia, has been charged in Atlanta with wire fraud, computer fraud, aggravated identity theft and two conspiracy charges involving wire and computer fraud.Tsurikov was indicted in the U.S.
Posted in Finance Fraud Tags: Bank Of Scotland, Computer Fraud, Conspiracy Charges, Debit Card Transactions, Device Fraud, Electronic Benefits Transfer, Extradition Treaty, Federal Security Service, Holy Grail, Northern District Of Georgia, Payment Processing Services, Payroll Cards, Payroll Debit Cards, Prepaid Cards, Rbs, Royal Bank Of Scotland, Tallinn Estonia, Threat Level, Transfer Payments, Wire Fraud Comments OffNorth Beach’s Joseph Viola Indicted For Fraud
August 4th, 2010 Before You Invest A North Beach ‘investment consultant’ named Joseph “Giuseppe” Viola was indicted in federal court in S.F. yesterday on multiple counts of mail fraud, wire fraud, and aggravated identity theft after defrauding at least 60 people out of $7 million between 2004 and 2010. As the Chron reports, Viola was running a Ponzi scheme of sorts, sending investors falsified statements about the profitability of their fictional accounts.
Posted in Finance Fraud Tags: Competizione, Custom Sports, Dead Man, Fictional Accounts, Giuseppe, Identity Theft, Investment Consultant, Investors, Joseph Viola, Mail Fraud, Money, North Beach, Ponzi Scheme, Profitability, Running, S Joseph, Sorts, Sports Car, Wire Fraud Comments Offeropostale Inc.’s former merchandising chief, Christopher Finazzo, was accused by federal prosecutors of conspiring to overcharge
June 16th, 2010 Before You Invest eropostale Inc.’s former merchandising chief, Christopher Finazzo, was accused by federal prosecutors of conspiring to overcharge the teen-clothing retailer on buys from a vendor and sharing in the proceeds.Finazzo, 54, acted with Douglas Dey, the owner of South Bay Apparel Inc., a company based in Calverton, New York, that sold clothing to Aeropostale, according to an indictment returned in Brooklyn, New York.
Posted in Finance Fraud Tags: Abercrombie Fitch, Abercrombie Fitch Co, Aeropostale, American Eagle Outfitters, American Eagle Outfitters Inc, Brooklyn New York, Calverton New York, Christopher Finazzo, Clothing Retailer, Consulting Company, Dey, Eropostale, Federal Prosecutors, Indictment, Mail, Money Laundering, Related Party Transactions, Shareholders, Teen Clothing, Wire Fraud Comments Off‘World’s tallest’ developer gets 64-months in prison
April 17th, 2010 Before You Invest (Crain’s) — A federal judge on Thursday sentenced Scott K. Toberman to five years and four months in prison in connection with the developer’s admitted scheme to embezzle about $2 million from investors.As a high-flying developer in the late ‘90s, Mr. Toberman made a fanciful proposal to build the world’s tallest building in downtown Chicago.
Posted in Finance Fraud Tags: Change Of Heart, Court Appointed Attorney, Criminal Case, Dearborn St, Downtown Chicago, Federal Judge, Four Months, International Celebrity, John L Sullivan, Litigation, Mr Sullivan, Plea Agreement, Proposal, Sentencing Hearing, Smyrna Ga, Spokesman, Story Skyscraper, Tallest Building, Winnetka, Wire Fraud Comments OffFlorida Money Manager Nadel Pleads Guilty to Fraud
February 24th, 2010 Before You Invest (Bloomberg) — Florida money manager Arthur Nadel pleaded guilty to 15 fraud counts, 13 months after he disappeared for two weeks in January 2009 as state authorities started investigating investor complaints about missing money.U.S. District Court Judge John Koeltl in Manhattan accepted the guilty pleas today. Nadel, 77, founder of Scoop Management Inc.
Posted in Finance Fraud Tags: Asset Values, Count Indictment, District Court Judge, Federal Defenders, Guilty Pleas, Investor Complaints, Judge John Koeltl, Mail Fraud, Mark B, Maximum Prison, Missing Money, Money Manager, Nadel, New Money, Plea Agreement, Ponzi Scheme, Sarasota Florida, Securities Fraud, State Authorities, Wire Fraud Comments Off19 indicted in ‘massive cybercrime conspiracy’ – dallasnews.com – 9 Jan 2010
January 13th, 2010 Before You Invest U.S. prosecutors indicted 19 people Friday – most in Dallas and Fort Worth – on charges related to a “massive cybercrime conspiracy” that they said defrauded local telecommunications companies and other merchants of $15 million worth of services and goods.The indictments follow raids by the FBI last year on two data hosting companies where computer servers were taken on suspicion of fraudulent activity.
Posted in Finance Fraud Tags: Computer Servers, Fake Identifications, False Documents, Fraudulent Activity, Fugitives, Internet Post, James Jacks, Littlejohn, Local Telecommunications, Matthew Norman, Michael Faulkner, Michael Watts, Patrick Haney, Pretenses, Shell Companies, T Corp, Telecommunications Companies, Telecommunications Providers, Todd Shafer, Wire Fraud No Comments »This Day in Wall Street History 1988: Drexel Burnham pleads guilty to securities fraud
December 21st, 2009 Before You Invest Call it just another day on Wall Street during the scandal-ridden 1980s. This time, the culprit was the once-high-flying junk bond firm, Drexel Burnham Lambert Inc., which pleaded guilty to charges of mail, wire and securities fraud. As part of the settlement, Drexel agreed to hand over a record $650 million in fines, as well as to cooperate with authorities in their ongoing investigation of other Wall Street figures.
Posted in Finance Fraud Tags: 1980s, 80s, Chapter 11, Coffers, Culprit, Drexel Burnham Lambert, Flying Junk, Fraud Settlement, Junk Bond King, Junk Bond Market, King Thanks, Mail Fraud, Michael Milken, Racketeering, Scandal, Securities Fraud, Source History, Wall Street, Wall Street History, Wire Fraud No Comments »Florida Lawyer Rothstein Charged in $1.2 Billion Ponzi Scheme
December 3rd, 2009 Before You Invest David Voreacos, Carlyn Kolker and Susannah Nesmith, Bloomberg, December 2, 2009Scott Rothstein (above), a disbarred South Florida lawyer, pleaded not guilty to U.S. charges alleging he ran a $1.2 billion fraud that paid for his lifestyle and donations to Governor Charlie Crist and other politicians.Rothstein, 47, faces 100 years in prison if convicted of two counts of wire fraud and three conspiracy charges filed yesterday.
Posted in Finance Fraud Tags: Blue Jeans, Carlyn, Charlie Crist, Conspiracy Charges, Disbarred, Federal Politicians, Florida Lawyer, Glaring Example, Governor Charlie Crist, Guitar Collection, Initial Appearance, Kolker, Magistrate Judge, Miami History, Nesmith, Ponzi Scheme, Sexual Harassment, Sloman, Whistleblower Lawsuits, Wire Fraud No Comments »Lawyer Scott Rothstein Pleads Not Guilty To Ponzi Scheme Allegations
December 1st, 2009 Before You Invest A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements.Lawyer Scott Rothstein was led into the Miami FBI office in handcuffs following his early morning arrest on five charges, including a violation of the Racketeer Influenced and Corrupt Organizations, or RICO law, often used against the Mafia and other criminal organizations.Rothstein was also charged with wire fraud, money laundering, and mail and wire fraud conspiracy. The combined maximum prison term for convictions on all counts is 100 years, according to court documents.A few hours after his arrest, Rothstein pleaded not guilty in federal court even though the information charging document — rather than an indictment — used by prosecutors typically means a defendant has agreed to eventually plead guilty.
Posted in Finance Fraud Tags: 100 Years, Court Documents, Criminal Organizations, Defendant, Fbi Office, Federal Racketeering, Fraud Charges, Handcuffs, Indictment, Investment Scheme, Legal Settlements, Mafia, Mail, Maximum Prison, Money Laundering, Prison Term, Prosecutors, Racketeer Influenced And Corrupt Organizations, Rico Law, Wire Fraud No Comments »
