Ponzi Schemer Who Won Trump Clemency Gets New 37-Year Term (2)

A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 was sentenced to another 37 years behind bars for stealing $44 million from investors after he was released.

Eliyahu “Eli” Weinstein, 51, was sentenced Friday for defrauding investors who believed their money was buying Covid-19 masks, baby formula and first-aid kits bound for Ukraine. Instead, Weinstein and his conspirators used the money to repay early investors and for personal expenses like gambling in casinos and buying real estate, prosecutors said in federal court in Trenton, New Jersey.

“Mr. Weinstein received a gift that ...