The wheels of karma have turned swiftly for Eliyahu Weinstein, a convicted Ponzi schemer who thought he had escaped justice through a controversial pardon granted by former President Donald Trump. But fate had other plans for him as he now finds himself entangled in yet another web of deceit and fraud as it seems that his penchant for deception knows no bounds.
This time, Weinstein faces charges for orchestrating a “brazen and sophisticated” $35 million fraud scheme, preying on unsuspecting investors with promises of lucrative deals. According to The New York Times, the 48-year-old scam artist, along with four accomplices, is facing wire fraud and conspiracy to obstruct justice charges after allegedly defrauding at least 150 individuals.
Their cunning tactics involved convincing people that they were investing in exclusive opportunities, including limited COVID-19 supplies, baby formula, and first-aid kits for Ukraine. However, it was all a ruse, and the victims were left empty-handed while Weinstein and his cohorts enriched themselves. At a press conference, New Jersey U.S. Attorney Philip Sellinger emphasized the audacity and complexity of their crimes, which seemed eerily familiar to Weinstein’s prior fraudulent exploits.
Authorities have pointed to Weinstein’s release as an example of the questionable use of presidential power, sidestepping established processes, and relying on influential lobbyists and attorneys to secure clemency. But now, karma seems to have caught up with the once-freed Ponzi schemer, as he faces the consequences of his deceitful actions once more.
The victims of his schemes will undoubtedly be looking for justice, hoping that this time, Weinstein will be held accountable for his actions, without any chance of slipping through the cracks of the legal system.