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douglas9

(5,324 posts) Fri Nov 14, 2025, 12:54 PM Nov 14

Ponzi schemer who got Trump clemency faces 50 years in new fraud

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.

https://financialpost.com/news/ponzi-schemer-trump-pardon-new-fraud

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Ponzi schemer who got Trump clemency faces 50 years in new fraud (Original Post) douglas9 Nov 14 OP

Trump wasn't POTUS in 2021. Hugin Nov 14 #1

It was one of the commutations Trump issued prior to Biden being sworn in on 1/20/21. patphil Nov 14 #3

Oh, yes. Hugin Nov 14 #4

Some people just never learn, MarineCombatEngineer Nov 14 #2

"COVID-19 masks, baby formula and first-aid kits bound for Ukraine" - the Rapist thinks "why didn't I do that?" muriel_volestrangler Nov 14 #5

Hugin

(37,166 posts)

1. Trump wasn't POTUS in 2021.

Reply to douglas9 (Original post)

Fri Nov 14, 2025, 01:01 PM

Nov 14

That must’ve been the date of conviction.

patphil

(8,528 posts)

3. It was one of the commutations Trump issued prior to Biden being sworn in on 1/20/21.

Reply to Hugin (Reply #1)

Fri Nov 14, 2025, 01:11 PM

Nov 14

He actually did 73 pardons and commutations in January 2021.

Hugin

(37,166 posts)

4. Oh, yes.

Reply to patphil (Reply #3)

Fri Nov 14, 2025, 01:22 PM

Nov 14

The indulgence scam on his way reluctantly out the door. But, in reality Trump’s presidency has continued to this very day.

MarineCombatEngineer

(16,962 posts)

2. Some people just never learn,

Reply to douglas9 (Original post)

Fri Nov 14, 2025, 01:02 PM

Nov 14

you'd think that after a commutation, he would learn his lesson, but, I guess not.

muriel_volestrangler

(105,256 posts)

5. "COVID-19 masks, baby formula and first-aid kits bound for Ukraine" - the Rapist thinks "why didn't I do that?"

Reply to douglas9 (Original post)

Fri Nov 14, 2025, 02:24 PM

Nov 14

Like Trump admires skilled totalitarians like Putin and Kim, he'll give professional respect to a shameless grifter. I predict he'll give another pardon, it the requisite bribe happens.

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