Yossi Engel, swindled $47 million from Orthodox Jews in Ponzi scheme
A 35-year-old man who allegedly bilked Orthodox Jewish investors in Los Angeles and New Jersey out of $47 million and then fled to Israel has been charged by the U.S. Securities and Exchange Commission with using the proceeds to fund a lavish lifestyle. The SEC alleged in a lawsuit filed Thursday, Jan. 12, in U.S.…
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