SEC v. Eliyahu Weinstein

Eliyahu Weinstein allegedly orchestrated a fraudulent scheme-with co-defendants-by diverting investor funds for Weinstein's benefit, providing false assurances to existing investors to assuage their concerns, and assisting the other defendants in concealing Weinstein's identity from investors. According to the SEC, Weinstein, Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, and Christopher J. Anderson are charged with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and charges Erez and Alaa Mohamed Hattab with aiding and abetting these violations.

Summary generated from official Securities and Exchange Commission press release