prominent member

Orthodox Seen Lured Into 'Affinity Fraud' Totaling $200 Million

Lakewood, N.J., real estate developer accused of far-reaching scheme; may have laundered money through charities; grand jury empaneled.
12/29/2009 - 19:00
Special to the Jewish Week

(Posted Tuesday, Dec. 29, 5:45 p.m.) In an alleged financial fraud that has ensnared Orthodox Jewish investors from New York to Florida to London, a Lakewood, N.J., businessman is accused of bilking them out of more than $200 million through phony real estate deals, according to complaints made in multiple lawsuits across the country.

Eliyahu Weinstein: Fourteen lawsuits from around the country have been filed against him.
Syndicate content