An Ocean County man Thursday admitted he ran a real estate investment fraud scheme that caused $200 million in losses, and then laundered the proceeds of the scheme, U.S. Attorney Paul J. Fishman announced.
Eliyahu Weinstein, aka “Eli Weinstein,” aka “Edward Weinstein,” aka “Eddie Weinstein,” 37, of Lakewood, N.J., pleaded guilty before U.S. District Judge Joel A. Pisano in Trenton federal court to two counts of the indictment pending against him.
That includes one count of conspiracy to commit wire fraud, and one count of money laundering.
Weinstein’s trial on these charges was scheduled to start Jan. 7. Weinstein’s co-defendant, Vladimir Siforov, is charged in the indictment with three counts of wire fraud and remains a fugitive.