Politics

Fraudster Whose Sentence Was Commuted by Trump Jailed for $35 Million Fraud

PARDON ME

He was back in cuffs less than five years later.

President Donald Trump reacts to a reporter's question from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC.
Chip Somodevilla/Getty Images

A fraudster freed by President Donald Trump in the dying moments of his first term has been convicted of fraud, again. Eliyahu “Eli” Weinstein, 51, of Lakewood, New Jersey, was back in court, less than five years after Trump decided he could be freed. In 2014, Weinstein was found guilty of a $230 million real estate Ponzi scheme and subsequent crimes committed during his pre-trial release the first time around. Trump commuted his 24-year sentence to time served on Jan. 19, 2021. This time around, Weinstein swindled investors by offering them the opportunity to profit from the shipment of vital supplies to Ukraine. Weinstein was convicted on charges that he helped defraud dozens of investors out of $35 million. U.S. District Judge Michael Shipp sentenced him to 37 years in prison and ordered him to repay $44,294,803 in restitution immediately.

Read it at Associated Press