Toms River Man Pleads Guilty to $47 Million Ponzi Scheme Targeting Orthodox Jewish Investors

Guilty Plea from Lakewood Man Who Defrauded Over 100, Including Orthodox Jews

(Aug. 14, 2026 / JNS) Leor Moshe, 43, an Orthodox Jew from Lakewood, N.J., faces up to 20 years in prison and $250,000 in fines after pleading guilty to wire fraud in a scheme that defrauded more than 97 people of more than $47 million in a “Ponzi-like investment scheme,” Robert Frazer, U.S. attorney for […]

Toms River Man Pleads Guilty to $47 Million Ponzi Scheme Targeting Orthodox Jewish Investors

TOMS RIVER, N.J. (VINnews)-A Toms River businessman pleaded guilty Thursday to operating a multimillion-dollar Ponzi scheme that defrauded nearly 100 investors, many from the Orthodox Jewish community, out of more than $47 million. Leor Moshe, 43, admitted to one count of wire fraud in federal court in Trenton, according to the U.S. Attorney’s Office for […]

NJ Man Pleads Guilty to $47M Fraud Targeting Orthodox Jews

According to the DOJ and SEC, Leor Moshe stole over $11 million for personal expenses, including gambling and cryptocurrency, while running a Ponzi scheme through his firm.