Contact Us
Make My Homepage

Lakewood Man Charged in $200-Million Real Estate Scheme

Don Farrall, Getty Images

A New Jersey man has been indicted for allegedly operating a $200 million real estate fraud that victimized members of his own Orthodox Jewish community.
  

The 45-count federal indictment charges the 36-year-old Lakewood resident with multiple counts of wire fraud and money laundering as well as bank fraud and conspiracy.
  

Weinstein was initially charged with bank fraud in August 2010. Prosecutors allege between 2004 and this year he and another man, Vladimir Siforov, forged documents to convince investors they could make big profits “flipping” properties. Weinstein allegedly used their money to buy luxury items.
  

Weinstein faces up to 30 years in prison on the bank fraud charge and up to 20 years each on the wire fraud charges. His attorney says he will plead not guilty.
  

Siforov remains a fugitive.

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.