Shereshevsky the B' Nai Israel member accused of swindling $100 of millions in investment defrauding ponzi scheme, was denied bond today and the judge had a few words to say...
The judge today after 4 hours called Shereshevsky a thug and the thief. He said sure Shereshevsky gave to his community but he did so with other people's money which he stole. He also ruled him a flight risk. So Shereshevsky was denied bond.
Interestingly Shereshevsky changed his name years ago then changed it back after getting married. Probably to hide his prior conviction of bank fraud from investors.
Shereshevsky's family and members of his religious community testified that he was far too emotionally invested in Norfolk to be considered a flight risk.
The judge did not agree and told him he was a thief and a thug.
Oh buddy you just don't steal 100 million dollars and say but I was a nice guy and paid off "my people" in my community. Not in Virginia proper, maybe up in NOVA, but not in Norfolk.
Here is an idea. We got this whole community coming together to protect a complete crook, convicted of bank fraud who set up a Ponzi scheme
. He is tight with a religious organization not known for its honesty.
Could it be that the initial pay off for the Ponzi set up came from the donations from B'Nai Israel, and as Shereshevsky pay off investors A, B, and C with D, E, and F and so on up to X, y, and Z that he sank the profits back into himself and the B' Nai organization? Like the whole group was in court pleaded and crying today to let the poor 100 million dollar thief off.
I mean think about it, Shereshevsky was boasting and promising to raise 2 million in a month and a half.
Shereshevsky allegedly said, "In the next month and a half he'd be able to come up with two million bucks and that this was better than somebody going to jail."
-from Wavy TV 10 News Report.
It's all a little fishy. i don't think this stops at the COO of Wex I think like the scam in New York which I pointed out above, this could be tied to the religious community at large.