TRENTON, NJ – Christopher Anderson, 47, and Richard Curry, 36, pleaded guilty to one count of conspiracy to commit securities fraud, admitting to a scheme that defrauded investors of over $35 million.
The plea was made before U.S. District Judge Michael A. Shipp.
Both individuals admitted to conspiring with Eliyahu “Eli” Weinstein, a previously convicted fraudster. The scheme involved fraudulent investments in medical supplies, baby formula, and first-aid kits, purportedly meant for wartime Ukraine.
Anderson is scheduled for sentencing on Jan. 16, 2024, and Curry on Jan. 18, 2024. The maximum penalty for their charges is 20 years in prison and a $5 million fine.
The FBI and the Securities and Exchange Commission were credited for their roles in the investigation. The case is still under ongoing investigation.
