Uploaded April 2026 | Updated September 2026, 2 weeks ago
Eliyahu "Eli" Weinstein is a New Jersey-based repeat fraudster who masterminded multiple high-stakes Ponzi schemes totaling over $250 million in losses, specifically targeting investors within the Orthodox Jewish community. Originally sentenced to 24 years in federal prison for a $200 million real estate scheme, his sentence was commuted to time served by the president in January 2021 after serving only eight years. Almost immediately following his release, Weinstein began a new $41 million scheme.
Eliyahu "Eli" Weinstein is a New Jersey-based repeat fraudster who masterminded multiple high-stakes Ponzi schemes totaling over $250 million in losses, specifically targeting investors within the Orthodox Jewish community. Originally sentenced to 24 years in federal prison for a $200 million real estate scheme, his sentence was commuted to time served by the president in January 2021 after serving only eight years. Almost immediately following his release, Weinstein began a new $41 million scheme.
