Asbury Park Press A Lakewood man will spend at least the next few days in jail on
charges that he and two others swindled a New Zealander out of more than
$6 million in a stock scam.
Eliyahu
Weinstein, 37, was awaiting sentencing on wire fraud and
money-laundering charges when he was arrested at his home Tuesday
morning.
Also
arrested Tuesday were Alex Schleider, 47, also of Lakewood and Aaron
Muschel, 63, of Brooklyn. The trio are charged with swindling the
unnamed victim by misrepresenting that the man’s investment would be
used to buy shares in last year’s Facebook IPO and real estate.[...]
Weinstein in January plead guilty to a count of wire fraud and a
count of money laundering in connection with a real estate ponzi scheme
that cost investors about $200 million. He was released on bail with a
number of stipulations, including not engaging in any financial
transaction worth more than $1,000 without the permission of a
court-appointed special counsel.But
in a “blatant violation” of that stipulation, according to FBI Special
Agent Karl Ubellacker, who signed the complaint, Weinstein and his two
co-conspirators convinced the victim to send them nearly $7.2 million in
wire transfers in February and March 2012 for a purported investment in
upcoming Facebook stock.[...]