Overview
- U.S. District Judge Michael Shipp in Trenton imposed a 37-year federal sentence and ordered $44,294,803 in restitution due immediately.
- Weinstein was convicted in March of defrauding investors of about $35 million through bogus deals for scarce medical supplies, baby formula and first-aid kits purportedly bound for Ukraine.
- Five co-defendants who pleaded guilty testified that he orchestrated the scheme and used the alias “Mike Konig” to conceal his past crimes.
- Prosecutors sought a 50-year term in what they characterized as an unusually severe request for a white-collar case, but the judge imposed 37 years.
- The sentence marks his third federal fraud conviction after a 24-year term for earlier schemes was commuted by President Trump in 2021, and prosecutors say he reoffended soon after release.