• 13 Aug 2010 at 2:30 PM

How To Deal With Needy Investors Demanding Their Money Back

By

Yesterday afternoon, Lakewood real estate developer Eliyahu Weinstein was charged with “masterminding” a $200 million scam to defraud investors, starting in September 2005. Along with Vladimir Siforov, Weinstein target Orthodox Jews in his community, “exploiting social and business customs.” And while theirs is not a business model you probably want to aspire to, there is at least one helpful thing to take away from the charges. Specifically, the ones cited in court documents vis-à-vis how Weinstein dealt with investors who wanted their money back. Even if you’re not running a scam, you probably still have to deal with the headache of clients getting all pissy when you have a down month or two, and when that happens, perhaps consider the following approach.

6. When victim-investors sought to collect their earnings, or at least recoup their investment from defendant WEINSTEIN, he reacted in different ways: at times he would ignore them; other times he would tell them their money was forthcoming, and then not pay; and on some occasions he would pay a smaller amount. In one example, a victim-investor’s representative went to defendant WEINSTEIN’s home and demanded to speak with defendant WEINSTEIN about the victim-investor’s investment. Defendant WEINSTEIN eventually came outside and asked the representative what the representative’s wife and WEINSTEIN “have in common.” When the representative answered “I don’t know,” defendant WEINSTEIN replied “we both fucked you.”

Criminal Complaint [APP]

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (122)

Older Comments
  1. 1
    Posted by Anonymous | August 13, 2010 at 2:47 PM

    Bess, think you may have an error in the best part of the quote (the word wife is missing in the quote as it appears right now)

  2. 2
    Posted by Anonymous | August 13, 2010 at 2:51 PM

    Still not quite right. It’s the representative’s wife, not Weinstein’s wife

  3. 3
    Posted by Anonymous | August 13, 2010 at 2:53 PM

    Cool, thanks. (Yes, I realize your edits probably weren’t at all driven by my comments.) Have a great weekend

  4. 4
    Posted by Anonymous | August 13, 2010 at 2:55 PM

    Bess, I love you but can we please stop with the vis-a-vis? It needs to join Minetta’s and Soviet Russia jokes in timeout.

  5. 5
    Posted by Bess Levin | August 13, 2010 at 2:56 PM

    @4 the v-a-v’s are not use anywhere near as much as those “jokes.” but if you can promise I’ll never have to read one of them again, I’ll dump the v-a-v.

  6. 6
    Posted by Anonymous | August 13, 2010 at 2:57 PM

    So Weinstein had sex with the male representative? I like the confidence he exudes, major turn-on. “I’m going to fuck you.”

  7. 7
    Posted by Anonymous | August 13, 2010 at 2:59 PM

    And to think “they” belittle those of us who oppose Americans holding more than one passport.

  8. 8
    Posted by JerseyShorePatrol | August 13, 2010 at 3:00 PM

    Lame, but I already trademarked STFU&M(tm) “Shut the f up & maintain” a long time ago.

  9. 9
    Posted by Anonymouse | August 13, 2010 at 3:02 PM

    @4 How bout you come over to Minetta’s so that we can argue vis-a-vis Soviet Russia jokes? Afterwards we can have a dinner vis-a-vis.

  10. 10
    Posted by Anonymous | August 13, 2010 at 3:02 PM

    Anybody know if the Wilpons were involved in this too?

    –Mets fan

  11. 11
    Posted by karry ludlow | August 13, 2010 at 3:04 PM

    There ya go, oooooooo, I hear a nobel prize on that one.

    -Karry Ludlow

  12. 12
    Posted by Anonymous | August 13, 2010 at 3:05 PM

    Would YOU let Vickle tickle your pickle?

  13. 13
    Posted by guest | August 13, 2010 at 3:07 PM

    In Soviet Russia vis-à-vis dumps you!

    -guy who is so sorry, I don’t even smile at these, I roll my eyes, but I’m like John Mack with the cheap mortgage money.

  14. 14
    Posted by Anonymous | August 13, 2010 at 3:07 PM

    The criminal complaint against him states that Weinstein maintained multiple passports. Weinstein, the complaint concludes, showed a passport to one of his “victim-investors” and said, “if I want to run away, I can.”

  15. 15
    Posted by PermaGuest | August 13, 2010 at 3:08 PM

    @4 What is your position vis-a-vis Soviet Russia and Minetta Tavern?

  16. 16
    Posted by Anonymous | August 13, 2010 at 3:09 PM

    Rick and Ron going at it on CNBC – nice. Rick is such as ass wipe

  17. 17
    Posted by Anonymous | August 13, 2010 at 3:15 PM

    Anyone Movin Out to a New York State of Mind this evening? If so, Tell Her About It and see The Entertainer paddle through the River of Dreams while the Night is Still Young. You May Be Right in saying that She’s Always a Woman but we wary of The Stranger as he he Says Goodnight to Saigon.

  18. 18
    Posted by CC | August 13, 2010 at 3:33 PM

    The guy should start writing for Hallmark. Check out this beauty from the indictment:

    “You’re right, we fucked you. Get over it. Don’t you wanna solve the problem?”

  19. 19
    Posted by Anonymous | August 13, 2010 at 3:35 PM

    @17 STFU KOUWE

  20. 20
    Posted by Ginzo | August 13, 2010 at 4:46 PM

    Defendant WEINSTEIN eventually came outside and asked the representative what the representative’s wife and WEINSTEIN “have in common.” When the representative answered “I don’t know,” defendant WEINSTEIN replied “we’re both penny pinching thieves who would do anything for money and also that religion thing too.”

  21. 21
    Posted by Anonymous | August 13, 2010 at 5:00 PM

    But did he fuck them until they loved him?

  22. 22
    Posted by Anonymous | August 13, 2010 at 5:16 PM

    If he was eating Twizzlers this effort would have been diamonds

    -LD

  23. 23
    Posted by DJ LIBOR | August 13, 2010 at 5:44 PM

    @21 I’m gonna make you my girlfriend

  24. 24
    Posted by Bristol Airport Hotels | April 18, 2012 at 5:17 PM

    ewDvM6 I cannot thank you enough for the article.Really looking forward to read more. Will read on…

  25. 25
    Posted by custom baptism favors | April 19, 2012 at 8:29 PM

    I really liked your post.Much thanks again. Keep writing.

  26. 26
    Posted by Zdeno Chara Jersey | April 20, 2012 at 11:17 AM

    Thanks a lot for the blog.Really thank you! Really Great.

  27. 27
    Posted by Empowerment | April 20, 2012 at 11:31 PM

    Thanks again for the blog.Really thank you! Really Great.

  28. 28
    Posted by benefits of running | April 21, 2012 at 2:50 AM

    Hey, thanks for the blog post.Really looking forward to read more.

  29. 29
    Posted by Universitas Terbaik | April 21, 2012 at 3:02 AM

    Thanks for the post.Thanks Again. Will read on…

  30. 30
    Posted by Holidays in Albufeira | April 21, 2012 at 8:22 AM

    Im obliged for the post.Really looking forward to read more. Want more.

  31. 31
    Posted by search engine optimization | April 21, 2012 at 10:51 AM

    Hey, thanks for the blog article.Much thanks again. Will read on…

  32. 32
    Posted by hemroid relief | April 21, 2012 at 4:37 PM

    Say, you got a nice blog.Really looking forward to read more. Awesome.

  33. 33
    Posted by anchor:candida treatment | April 22, 2012 at 1:02 AM

    Awesome post.Much thanks again. Really Cool.

  34. 34
    Posted by tentorium | April 22, 2012 at 6:16 AM

    Very informative article.Much thanks again. Really Great.

  35. 35
    Posted by landscape garden photography tips | April 22, 2012 at 7:16 AM

    Great, thanks for sharing this article.Really looking forward to read more. Cool.

  36. 36
    Posted by boutique lingerie coquine | April 22, 2012 at 1:26 PM

    Im obliged for the post.Really thank you! Much obliged.

  37. 37
    Posted by Sex | April 23, 2012 at 12:53 PM

    Thank you ever so for you article post.Thanks Again. Want more.

  38. 38
    Posted by osteo sydney | April 23, 2012 at 4:16 PM

    A big thank you for your blog post.Much thanks again. Want more.

  39. 39
    Posted by how to burn fat | April 24, 2012 at 3:15 AM

    Thanks for the article post.Much thanks again. Will read on…

  40. 40
    Posted by Real Estate Rebates | April 24, 2012 at 9:06 AM

    Muchos Gracias for your blog post.Really looking forward to read more. Will read on…

  41. 41
    Posted by internet marketing consultancy | April 24, 2012 at 10:15 AM

    Thanks a lot for the article post.Really looking forward to read more.

  42. 42
    Posted by hostgator discount code | April 24, 2012 at 12:52 PM

    Muchos Gracias for your article post.Really looking forward to read more. Want more.

  43. 43
    Posted by debt solutions | April 25, 2012 at 10:57 AM

    I cannot thank you enough for the article.Much thanks again.

  44. 44
    Posted by build followers | April 25, 2012 at 10:19 PM

    A round of applause for your blog article.Really looking forward to read more. Cool.

  45. 45
    Posted by design shirt | April 26, 2012 at 12:00 AM

    Great blog article.Thanks Again.

  46. 46
    Posted by debt collection agency scotland | April 26, 2012 at 1:06 AM

    I cannot thank you enough for the article post.Thanks Again.

  47. 47
    Posted by lose weight fast | April 26, 2012 at 3:56 AM

    Thanks for sharing, this is a fantastic article.Really thank you! Really Cool.

  48. 48
    Posted by offers | April 26, 2012 at 9:55 AM

    Major thanks for the blog post. Keep writing.

  49. 49
    Posted by zurich handmade design | April 26, 2012 at 10:05 AM

    Thanks-a-mundo for the blog.Really thank you! Really Great.

  50. 50
    Posted by hollywood movies | April 26, 2012 at 11:31 AM

    Really informative article post.Really looking forward to read more. Keep writing.

  51. 51
    Posted by futures trading | April 26, 2012 at 12:40 PM

    Thanks for sharing, this is a fantastic post.Much thanks again. Fantastic.

  52. 52
    Posted by owners | April 26, 2012 at 5:48 PM

    Thank you ever so for you post.Much thanks again. Fantastic.

  53. 53
    Posted by Las Vegas Auto Title Loans | April 26, 2012 at 10:58 PM

    Thanks a lot for the post.

  54. 54
    Posted by Cheap Swingsets | April 27, 2012 at 6:00 AM

    Thanks so much for the article.Thanks Again.

  55. 55
    Posted by clenbuterol | April 27, 2012 at 6:03 AM

    Thanks for the post.Thanks Again. Keep writing.

  56. 56
    Posted by odżywki | April 27, 2012 at 9:14 AM

    Muchos Gracias for your post.Thanks Again. Much obliged.

  57. 57
    Posted by Steve Cichosz | April 27, 2012 at 11:48 AM

    Respect with regard to and assists to all of us !

  58. 58
    Posted by electrovoice speaker | April 27, 2012 at 12:19 PM

    Very good article post.Thanks Again. Really Cool.

  59. 59
    Posted by programas sobre facturacion | April 27, 2012 at 5:59 PM

    Thank you ever so for you blog.Much thanks again. Cool.

  60. 60
    Posted by Shave Gel | April 28, 2012 at 2:45 AM

    I loved your post.Really looking forward to read more. Really Cool.

  61. 61
    Posted by dna moczanowa | April 28, 2012 at 8:03 AM

    Appreciate you sharing, great blog.Much thanks again.

  62. 62
    Posted by Loan Stock On | April 28, 2012 at 3:41 PM

    Really informative blog post.Thanks Again. Keep writing.

  63. 63
    Posted by How to monitor computer activity | April 28, 2012 at 4:52 PM

    Im obliged for the article.Really looking forward to read more. Great.

  64. 64
    Posted by AUSTIN CONDOS | April 28, 2012 at 5:14 PM

    Thanks so much for the article.

  65. 65
    Posted by pcb prototype | April 28, 2012 at 7:30 PM

    I am so grateful for your blog post.Really looking forward to read more. Cool.

  66. 66
    Posted by Preston Lachney | April 29, 2012 at 7:56 AM

    A round of applause for your blog.Thanks Again. Keep writing.

  67. 67
    Posted by kitchen cabinets | April 29, 2012 at 12:57 PM

    I appreciate you sharing this article post. Much obliged.

  68. 68
    Posted by Reliant Senior Care | April 29, 2012 at 1:53 PM

    Wow, great article post.Much thanks again. Fantastic.

  69. 69
    Posted by In-Home Care | April 30, 2012 at 2:39 AM

    Major thankies for the blog article.Really looking forward to read more. Fantastic.

  70. 70
    Posted by what is goal setting | April 30, 2012 at 4:04 AM

    I truly appreciate this article post. Awesome.

  71. 71
    Posted by Home Based Business Opportunity | April 30, 2012 at 5:05 PM

    I loved your blog.Thanks Again. Really Cool.

  72. 72
    Posted by cheap article submission service | May 1, 2012 at 8:13 AM

    Thanks a lot for the blog article. Much obliged.

  73. 73
    Posted by jailbreaking iphone 4s | May 1, 2012 at 2:30 PM

    Muchos Gracias for your blog article. Cool.

  74. 74
    Posted by free twitter followers | May 1, 2012 at 8:37 PM

    I truly appreciate this blog.Really looking forward to read more. Want more.

  75. 75
    Posted by silver market | May 2, 2012 at 7:16 AM

    Thanks so much for the blog.Really thank you! Fantastic.

  76. 76
    Posted by toaster ovens | May 2, 2012 at 7:44 AM

    wow, awesome article.Much thanks again. Keep writing.

  77. 77
    Posted by hghenergizer.net | May 2, 2012 at 3:26 PM

    Thanks a lot for the blog.Really looking forward to read more. Really Great.

  78. 78
    Posted by erectile dysfunction remedies | May 3, 2012 at 9:18 AM

    Say, you got a nice blog post.Thanks Again. Will read on…

  79. 79
    Posted by teaching jobs in Asia | May 3, 2012 at 9:22 PM

    Enjoyed every bit of your article post.Really thank you! Much obliged.

  80. 80
    Posted by brick ovens | May 4, 2012 at 8:12 AM

    I think this is a real great article. Great.

  81. 81
    Posted by on | May 5, 2012 at 12:07 AM

    Hey, thanks for the article. Much obliged.

  82. 82
    Posted by Wasps nest | May 5, 2012 at 3:42 AM

    A powerful share, I simply given this onto a colleague who was doing a little evaluation on this. And he the truth is purchased me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading more on this topic

  83. 83
    Posted by girlfriends | May 5, 2012 at 4:38 AM

    Great blog article. Awesome.

  84. 84
    Posted by chris papa | May 5, 2012 at 4:44 AM

    GET NIKE NFL ONLINE SHOP INFORMATION PLEASE VISit http://nikenflonline.blogspot.com

  85. 85
    Posted by Playthrough | May 5, 2012 at 6:05 AM

    Thanks a lot for the blog article.Thanks Again. Fantastic.

  86. 86
    Posted by computer shops | May 5, 2012 at 7:33 AM

    I am so grateful for your article post. Really Cool.

  87. 87
    Posted by fuck | May 5, 2012 at 7:35 AM

    Looking forward to reading more. Great blog. Much obliged.

  88. 88
    Posted by model agency Zurich | May 5, 2012 at 8:21 AM

    Awesome blog.Really thank you! Cool.

  89. 89
    Posted by ebook store | May 6, 2012 at 12:38 AM

    Can I simply say what a relief to find someone who truly is aware of what theyre speaking about on the internet. You positively know the way to carry a difficulty to mild and make it important. More people have to read this and understand this side of the story. I cant consider youre not more common since you positively have the gift.

  90. 90
    Posted by Tulsa mortgage | May 6, 2012 at 6:31 AM

    I just feel like you know so substantially and know how to make people listen to what you have to say. This blog is just too cool to become missed. Terrific stuff, really. Please, PLEASE keep it up!

  91. 91
    Posted by my airfare secrets | May 6, 2012 at 9:28 AM

    Fantastic blog post.Really thank you! Fantastic.

  92. 92
    Posted by Job Vacancies in Mumbai | May 7, 2012 at 6:22 AM

    Muchos Gracias for your article post. Will read on…

  93. 93
    Posted by Web Design Perth | May 7, 2012 at 11:25 AM

    Im thankful for the article post.Really thank you! Want more.

  94. 94
    Posted by shawheen younai | May 7, 2012 at 11:43 AM

    Looking forward to reading more. Great post.Really looking forward to read more. Great.

  95. 95
    Posted by how to make money fast | May 7, 2012 at 2:24 PM

    Thank you for your blog.Much thanks again. Cool.

  96. 96
    Posted by Rachael Diket | May 7, 2012 at 3:07 PM

    Thanks for the post.Really looking forward to read more. Want more.

  97. 97
    Posted by Porno | May 7, 2012 at 8:00 PM

    I cannot thank you enough for the blog.Much thanks again. Cool.

  98. 98
    Posted by webhostingtalk review | May 7, 2012 at 8:59 PM

    Major thanks for the blog. Fantastic.

  99. 99
    Posted by taylormade atv wedge | May 7, 2012 at 10:07 PM

    Thanks so much for the article post.Really looking forward to read more. Cool.

  100. 100
    Posted by saldytuvai | May 7, 2012 at 10:16 PM

    Can I simply say what a aid to seek out someone who really knows what theyre speaking about on the internet. You definitely know find out how to carry a problem to gentle and make it important. Extra people must learn this and perceive this side of the story. I cant imagine youre no more well-liked since you definitely have the gift.

  101. 101
    Posted by nesiojami kompiuteriai | May 7, 2012 at 10:44 PM

    Can I simply say what a relief to find someone who truly is aware of what theyre speaking about on the internet. You positively know the way to carry a difficulty to mild and make it important. More people have to read this and understand this side of the story. I cant consider youre not more common since you positively have the gift.

  102. 102
    Posted by my | May 7, 2012 at 11:44 PM

    Im thankful for the blog post.Much thanks again. Keep writing.

  103. 103
    Posted by cannabis sativa | May 8, 2012 at 1:09 AM

    wow, awesome article post.Really looking forward to read more.

  104. 104
    Posted by turnkey adult websites | May 8, 2012 at 1:28 AM

    I truly appreciate this blog.Thanks Again. Really Great.

  105. 105
    Posted by new facebook layout | May 8, 2012 at 2:05 AM

    I am so grateful for your blog.Much thanks again. Want more.

  106. 106
    Posted by more twitter followers | May 8, 2012 at 3:28 AM

    Say, you got a nice blog post.

  107. 107
    Posted by canvas prints | May 8, 2012 at 6:36 AM

    A big thank you for your blog. Fantastic.

  108. 108
    Posted by sell | May 8, 2012 at 7:58 AM

    Really appreciate you sharing this article post.Really looking forward to read more. Fantastic.

  109. 109
    Posted by Online Storage | May 8, 2012 at 11:01 AM

    A big thank you for your blog article. Keep writing.

  110. 110
    Posted by Mold air purifier | May 8, 2012 at 12:33 PM

    Really enjoyed this article.Much thanks again. Want more.

  111. 111
    Posted by wedding dresses cape town | May 8, 2012 at 12:55 PM

    Can I simply say what a aid to seek out someone who really knows what theyre speaking about on the internet. You definitely know find out how to carry a problem to gentle and make it important. Extra people must learn this and perceive this side of the story. I cant imagine youre no more well-liked since you definitely have the gift.

  112. 112
    Posted by GPT | May 8, 2012 at 5:11 PM

    I am so grateful for your article. Fantastic.

  113. 113
    Posted by Wedding Cake Toppers | May 8, 2012 at 7:48 PM

    I truly appreciate this blog article.Really thank you! Awesome.

  114. 114
    Posted by New movie releases | May 8, 2012 at 11:20 PM

    Thanks again for the article.Much thanks again. Will read on…

  115. 115
    Posted by Wholesale clothing | May 9, 2012 at 12:54 AM

    Wow, great blog.Really looking forward to read more. Cool.

  116. 116
    Posted by iphone 4 review | May 9, 2012 at 6:14 AM

    Wow, great blog article.Really thank you! Fantastic.

  117. 117
    Posted by html template | May 9, 2012 at 7:06 AM

    Thanks for the article.Thanks Again. Will read on…

  118. 118
    Posted by payday advance | May 9, 2012 at 10:13 AM

    Thanks-a-mundo for the blog. Great.

  119. 119
    Posted by pro ana | May 9, 2012 at 12:35 PM

    Really appreciate you sharing this blog post.Thanks Again. Really Great.

  120. 120
    Posted by offerte | May 9, 2012 at 4:35 PM

    I appreciate you sharing this article post.Thanks Again. Much obliged.

  121. 121
    Posted by indian musical instruments | May 10, 2012 at 6:29 AM

    Thanks a lot for the post.Really thank you! Fantastic.

  122. 122
    Posted by rent bangkok apartment | May 10, 2012 at 9:39 AM

    Thanks a lot for the blog post.Really looking forward to read more. Want more.

Older Comments

Leave a comment

You can log in with your account or comment as a guest below.

   or