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Twice-convicted Eliyahu Weinstein charged with five others in $38m Ponzi scheme

People walk outside of the New York Stock Exchange
Photo: Getty Images

Recidivist pardoned by Trump admits he ‘finagled, Ponzied and lied’ as SEC and DOJ charge him and associates.

Eliyahu Weinstein, who has already been convicted twice for fraud, has together with five other individuals been charged for orchestrating a multi-million-dollar Ponzi-like fraud scheme. The fraudulent scheme involved raising investments to fund purported deals to purchase, distribute, and sell in-demand healthcare products – for a total of $38m.

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