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Convicted con artist pardoned by Trump is arrested again for fraud
Convicted con artist pardoned by Trump is arrested again for fraud
A New Jersey con man who was pardoned by former President Donald Trump has been arrested and is accused of defrauding investors out of millions of dollars. Eliyahu “Eli” Weinstein was charged alongside four others with a number of crimes, including conspiring to defraud investors of more than $35m and conspiracy to obstruct justice, according to a statement from the office of the US attorney for New Jersey. Each of the five defendants was charged with one count of wire fraud conspiracy and one count of conspiracy to obstruct justice. Mr Weinstein was given a 24-year federal prison sentence after being convicted of two separate investment fraud schemes — one that ran from 2004 through 2011, the other from 2012 through 2013 — across both of which he defrauded investors of roughly $230m, according to a court document. On 19 January, 2021, after Mr Weinstein had served less than eight of the 24 years, Mr Trump pardoned him. Shortly after his release from prison, Mr Weinstein started up a new scheme, the statement said. “We allege Mr. Weinstein took part in a new scheme to rip off investors by hiding his real identity,” Special Agent in Charge James E Dennehy of the Newark FBI said. Mr Weinstein allegedly used the alias “Mike Konig” in this new scheme outlined by the FBI. Mr Weinstein allegedly said in a “surreptitious audio” obtained by investigators August 2022: “We collectively did not tell everyone who I was, no one would ever give you a penny if they knew who I was . . . because I have a bad reputation.” He worked with four others, the court document states: Aryeh “Ari” Bromberg , Joel Wittels, Shlomo Erez, and Alaa Hattab. The men were accused of taking “tens of millions of dollars from investors” through the firm Optimus Investments Inc. Most of these investors were “family, friends, or close associates,” the document said. Mr Weinstein, Mr Bromberg, and Mr Wittels received a large portion of the money through Tryon Management Group LLC — another company that was owned and operated “by two other conspirators” — which promised investors opportunities to invest in deals involving Covid-19 face masks, “scarce baby formula,” and first-aid kits “bound for Ukraine,” according to the statement. However, unable to pay the investors with legitimate investment returns, the men decided to combine the funds from both Optimus and Tryon investors and “use it to make monthly payments to other investors in a Ponzi-like fashion” starting in February 2022, the document states. “Once the Tryon owners learned that Mike Konig was actually Weinstein, they agreed with the defendants to continue concealing Weinstein’s identity from investors and to raise additional money to pay off existing Tryon investors, all in an effort to stop the Ponzi scheme from falling apart and to cover up the fraud,” the statement said. The men are also charged with obstructing justice after allegedly “hiding Mr Weinstein’s assets” — $200m in restitution — owed to his previous victims, as well as allegedly “concealing his myriad business activities, which were expressly prohibited by the terms of his supervised release,” according to the court document. If convicted on both charges, each of the five men face a maximum of 25 years in prison and fines of “either $250,000 or twice the gain or loss from the offense, whichever is greatest,” according to the statement. On top of this, the Securities and Exchange Commission also filed a civil complaint against the men and two other individuals “based on the same and additional conduct,” the statement said. Mr Weinstein was one of the 143 people pardoned by former President Trump in the final hours of his term. Read More Donald Trump is the first former president arrested on federal charges. Can he still run in 2024? An inmate was pardoned by Oregon’s governor. Two years on he’s a person of interest in four suspicious deaths Egypt pardons jailed activists, including two prominent rights defenders, official reports say
2023-07-21 01:30
Death of Russian minister on return from Cuba is latest unexplained incident involving Moscow's elites
Death of Russian minister on return from Cuba is latest unexplained incident involving Moscow's elites
A Russian mister died of -- as of yet -- unknown causes after falling ill on a plane on Saturday, the latest in a string of mysterious deaths among Russian elites.
2023-05-23 19:09
Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey
Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey
Turkish President Recep Tayyip Erdogan has called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey
2023-09-18 16:31
Pedro Almodóvar rides into the Western in a Cannes short about gay cowboys
Pedro Almodóvar rides into the Western in a Cannes short about gay cowboys
“Pedro
2023-05-20 05:14
Visit Mesa unveils visionary decade-long strategy to transform city into billion-dollar tourism hub
Visit Mesa unveils visionary decade-long strategy to transform city into billion-dollar tourism hub
The plan targets 1.3M visitors, new flights at Phoenix-Mesa Gateway Airport by 2026, boosting visitor experience
2023-11-28 18:18
Honduran president headed to China in first trip after ties established
Honduran president headed to China in first trip after ties established
TEGUCIGALPA Honduran President Xiomara Castro is set to travel this week to China, her foreign minister said on
2023-06-06 02:59
BOJ Deputy Governor Uchida: Will maintain yield control to sustain easy policy
BOJ Deputy Governor Uchida: Will maintain yield control to sustain easy policy
By Leika Kihara TOKYO Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank will maintain
2023-07-07 05:47
Steelers lose defensive tackle Cam Heyward, wide receiver Diontae Johnson to injuries against 49ers
Steelers lose defensive tackle Cam Heyward, wide receiver Diontae Johnson to injuries against 49ers
The Pittsburgh Steelers lost defensive tackle Cam Heyward and wide Diontae Johnson to injuries against the San Francisco 49ers
2023-09-11 03:29
'Shark Tank' Season 15: Internet defends Gatsby Chocolate's brand name amid heavy criticism from Sharks
'Shark Tank' Season 15: Internet defends Gatsby Chocolate's brand name amid heavy criticism from Sharks
Doug Bouton and Ryan Bouton were grilled by the Sharks for their choice of brand name and packaging on 'Shark Tank' Season 15
2023-09-30 09:19
Real Madrid's winners & losers from September international break
Real Madrid's winners & losers from September international break
The winners and losers from Real Madrid during September's international break.
2023-09-14 20:00
Did Olivia Dunne hint at having new love interest in latest TikTok video?
Did Olivia Dunne hint at having new love interest in latest TikTok video?
Olivia Dunne is a prominent star on TikTok with fans eying her every move
2023-05-24 14:27
Man with no children sparks debate after ‘judging’ mother who was on her phone at a park
Man with no children sparks debate after ‘judging’ mother who was on her phone at a park
A man has been receiving backlash for giving his opinions on parenting, despite not having any children. Mario Mirante took to TikTok to share a video about what he observed when he watched a mother and her son at a park. “Please watch the whole video before you comment. Thanks,” he captioned the clip, after the original was taken down. “The kid is just playing quietly, not being annoying. I don’t hear a peep from him, he’s just doing his thing on the playground,” Mirante said. “The mom the entire time is on her phone, staring right down at her screen. Doesn’t look up one time.” He explained that as he walked by, he noticed the child sitting on top of the slide. “I hear: ‘Hey mom, watch. Watch, Mom,’” Mirante recalled. “And at the top of her lungs, shrieking like a Velociraptor, this mother screams: ‘One second!!!’” The TikToker claimed the mother yelled so loudly that he stopped abruptly to hear what the problem was. When her child heard his mother scream, Mirante claimed that he looked “terrified” and confused, thinking that he upset his mother. “He wasn’t doing anything wrong,” Mirante said. “Mom never looks up from the screen as the kid goes down [the slide].” Mirante added that he is most definitely “judgeing” the mother based on what he saw in those few minutes. “When your kid isn’t doing something wrong, or in danger, you probably shouldn’t scream at them. It might have some traumatic effects in the future,” he declared, before asking: “Are you guys that attached to your phones?” @mariomirante Please watch the whole video before you comment. Thanks ♬ original sound - Mario Mirante He explained that his original video was taken down due to the amount of negative comments, with people telling him he shouldn’t judge a mother when he is not a parent himself. According to Mirante, some TikTokers told him that “maybe the mom needs a break and she takes him to the park to get that break” or that the mother could’ve been a single mom. Even content creator Abby Eckel stitched Mirante’s TikTok, explaining in a separate video that he has never experienced being the default parent. “A default parent is typically one who is ‘first in line’ when it comes to caring for children, child-related responsibilities, or home-related tasks,” clinical psychologist Amber Thornton wrote in Psychology Today. “If you have never been the default parent, and you don’t know what it’s like to be constantly needed all day, every day if you’re not the one consistently and constantly regulating your child’s emotional needs while also having to regulate your own, which also likely means that you’re having to relearn how to do that because you weren’t taught that as a child,” Eckel said in her TikTok video. “I think it’s wise if you pipe down.” @itsme_abbye If youve never been a parent, please sit down. ♬ original sound - Marriage & Motherhood Many people agreed with Mirante’s video, while others continued to disagree in the comments section. “I am a single mom, I 100 per cent agree with you. Kids remember who is actually PRESENT with them, not glued to their phone, the TV etc etc,” one commenter wrote. “That feeling of ‘but what did I do wrong?’ will stay with that child for a long time. It can be very damaging,” another comment read. “My kid used to say ‘mom’ every five secs. It was a joke in the family. I’d lose my mind about 2 per cent of the time about it. You just caught a bad moment,” one commenter pointed out. Another person wrote: “I thought the same way as you. And then I became a parent. Until you become a parent, you do not understand the struggle.” The Independent has contacted Mirante for comment. Read More Woman filters apartments by price but only parking spaces are in her budget Bride warms hearts after having 104-year-old grandfather serve as ring bearer at her wedding Mother’s TikTok calling out parenting ‘double-standards’ resonates with women everywhere Schoolboy almost dies from swallowing magnets for TikTok challenge Woman shares honest review of New York City apartment TikTok mom slammed after making 5-year-old son run in 104 degree heat
2023-10-03 06:02