Overview
- Eliyahu “Eli” Weinstein, 51, of Lakewood and also known as Mike Konig, was sentenced Friday in federal court in Trenton.
- A jury convicted him in March of defrauding investors of about $35 million through false promises of deals for scarce medical supplies, baby formula and first-aid kits purportedly bound for Ukraine.
- Prosecutors say he resumed orchestrating fraud shortly after his January 2021 release under a presidential commutation.
- Court documents quote Weinstein telling associates he "finagled, and Ponzied, and lied to people to cover us."
- His two prior investor-fraud cases caused roughly $230 million in losses and resulted in a 24-year sentence that Trump commuted to time served.