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https://www.barrons.com/advisor/articles/convicted-fraudster-charged-ponzi-scheme-trump-commuted-sentence-63969d71

Twice-Convicted Fraudster Was Released From Prison by Trump. Now He’s Accused of Running a New Ponzi Scheme.

By
Andrew Welsch
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Eliyahu “Eli” Weinstein, a twice-convicted fraudster, had his 24-year prison sentence commuted by President Trump on Jan. 19, 2021. This week, federal officials accused Weinstein of operating a new Ponzi scheme that defrauded investors of more than $35 million.

Weinstein and four other men falsely promised investors access to deals involving scarce medical supplies, baby formula, and first-aid kits supposedly destined for wartime Ukraine, federal prosecutors in New Jersey said Wednesday.

Prosecutors...

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