3 Hebrew Boys: Guilty as charged

I did not take the Jury very long to find the “3 Hebrew Boys” guilty of one of the State’s largest Ponzi schemes. Based on sentencing guidelines, the 3 men will probably never see the outside of a jail cell again. The 3 men promised investors almost any they wanted to hear, claimed a number of the 7,000 investors that were part of the network of people that lost millions and millions of dollars. Some of the investors lost their entire life savings. The Hebrew Boys were methodical in keeping track of each of the investors, and deny that they were running a Ponzi scheme.

The jury obviously did not fall for the defense that was based on religous grounds. The jury had heard evidence that  the trio had no formal investment training, purchased homes, condos, a jet, and a number of other luxury items with the investors funds, and they paid themselves in excess of 1 million dollars each. The prosecutors  painted a clear  picture that the three Defendants were knowledgeable and thorough in “duping” the investors, and never had a legitimate plan that could possibly repay the promises that were made. 

After the guilty convictions were read, the judge immediately revoked the bail of the 3 defendants. They were then led away, just after giving their personal effects to relatives. Still to be unravelled is the assets that cannot be found, which will be sold and paid to investors that were duped by the 3 Hebrew Crims.

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