Pardon My Ponzi
Twice-convicted swindler Eliyahu Weinstein got a Trump commutation. Now he's going to back to prison for a third fraud.
“I don’t like repeat offenders; I like dead offenders.” - Ted Nugent
You’re supposed to spend your time in prison learning how to become a better criminal. Ponzi schemer Eliyahu Weinstein didn’t do his homework.
Weinstein had been serving a 24-year prison term for two brazen frauds when President Donald Trump commuted his sentence in 2021. Last week, a federal judge slapped Weinstein with 37 years for a yet another scam.
“He picked his Ponzi schemer’s playbook back up and allegedly started ripping off victims again,” said U.S. Attorney Philip Sellinger, when he indicted Weinstein for his latest grift in February.
Read More: Unshackling Ponzi Perps (Business Blunders)
In 2011, Weinstein, 51, of Lakewood, N.J., was sentenced to 22 years in prison for running a $200 million real estate fraud.
