Saturday, November 15, 2025

37 years in prison for Orthodox Jewish man from New York convicted of multimillion-dollar fraud

 https://www.ynetnews.com/article/nfnr1axca

New York resident Eliyahu (Eli) Weinstein (51), who was released from custody in 2021 after receiving a pardon from President Donald Trump, has been sentenced to 37 years in prison for a new fraud scheme. According to prosecutors, Weinstein, who belongs to the Orthodox Jewish community, used the alias "Mike Konig" to conceal his identity and solicited money from investors claiming he would invest in COVID masks, baby formula and emergency equipment destined for Ukraine. The money was actually used for gambling, real estate purchases and luxury watches. The federal court in New Jersey determined that Weinstein defrauded more than 150 investors of $41 million and ordered him to pay $44 million in restitution.

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