Five men, including Eliyahu "Eli" Weinstein, have been charged with defrauding over 150 investors out of $35 million in a "Ponzi-like scheme." Weinstein was previously convicted of defrauding investors out of $230 million and was released from prison in January 2021. He and the other four men allegedly used false statements and misrepresentations to convince investors to invest in their company, promising returns of up to 10% per month, but instead using the money for their own personal expenses. If convicted, they could face up to 20 years in prison.