Ponzi Schemer Who Got Trump Clemency Convicted in New Fraud Case

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence over a Ponzi scheme was commuted by President Donald Trump in his first term.

Eliyahu “Eli” Weinstein, 49, was found guilty Monday of defrauding more than 150 investors of $41 million while falsely promising to invest their money in Covid-19 masks, scarce baby formula and first-aid kits bound for Ukraine.

Prosecutors said Weinstein began a new crime spree soon after serving less than eight years in prison. He called himself “Mike Konig” to hide his identity from friends and family who ...