Justice Triumphs

An attorney who engaged in a conspiracy that allowed the owner of a chain of marijuana stores to hide some of his income has pleaded guilty to federal financial offenses.

A former collateralized mortgage obligation (CMO) bond trader was sentenced today to 30 months in prison for engaging in a fraudulent trading scheme in which he manipulated the prices of CMOs by millions of dollars over a period of four years, U.S. Attorney Paul J. Fishman announced.

The United States Attorney’s Office for the Middle District of Pennsylvania announced that today in Harrisburg United States District Court Judge John E. Jones III sentenced Wendy Weikal-Beauchat, 46, to 15 years’ imprisonment plus restitution and forfeiture totaling over $12 million for wire fraud and money laundering in connection with the misuse of her clients’ funds.

Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that Charles A. Bennett was arrested on securities and wire fraud charges stemming from his scheme to defraud over 30 investors of more than $5 million through a Ponzi scheme that he perpetrated for more than five years.

Alexandria, Virginia - Michael Eisner, 32, of Mastic, New York, was sentenced today to 72 months in prison, followed by three years of supervised release, for conducting a variety of fraud schemes, including stealing cash from his clients and fraudulently abusing credit cards in the name of his mother and wife. Eisner also was ordered to pay over $1.1 million in restitution to his victims, and he was remanded immediately into the U.S. Marshal’s custody after today’s hearing to begin serving his sentence.