A convicted Ponzi schemer whose 24-year prison term was commuted by president Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency. Article content
Eliyahu “Eli” Weinstein, 51, faces sentencing Friday in federal court in Trenton, N.J., after being convicted of defrauding more than 150 investors out of US$41 million. Investors believed their money was going to COVID-19 masks, baby formula and first-aid kits bound for Ukraine, but it actually went to gambling, real estate and luxury watches.
What a motherfucker.
And in a time where, if you’ve just been in mutual funds for a few years, you’re making well above 10% too. How absurdly and stupidly greedy can you be?
Then again, on second thought, when you’re wealthy and living in a time when you know you can just buy a presidential pardon, I suppose crime becomes just another calculated investment risk.