Ellie Weinstein's Ponzi Scheme

Ellie Weinstein was convicted in federal court in New Jersey a decade ago for a real estate Ponzi scheme that primarily preyed on Orthodox Jews. He pleaded guilty eventually and admitted that he stole about two hundred million dollars from his victims. While he was out on bail on that case, he was also arrested in a separate scheme that involved investing in pre IPO shares of Facebook, which turned out to be phony. The White House announced on Trump's last day in office that he was among those who were getting commutations.