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’
Suspect 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.
North 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.
‘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.
19 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.
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.
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