Repeat Offender: Trump's Pardoned Ponzi Schemer Strikes Again

Eli Weinstein, a Ponzi scheme operator whose prison sentence was commuted by former US President Donald Trump, has been charged with a new Ponzi scheme less than a year after his release. Weinstein allegedly defrauded at least 150 investors, picking up where he left off before his previous conviction. He had pleaded guilty to two separate investment fraud schemes in the past, resulting in combined losses of over $224 million. Trump commuted his sentence on his last day in office, and Weinstein was released. He now faces charges of wire fraud and obstruction of justice, with potential prison time of up to 25 years.