pardoned

A New Jersey man who had his prison sentence commuted by then-President Donald Trump has been arrested again for allegedly defrauding investors out of millions of dollars. Eliyahu “Eli” Weinstein, 48, and four other men are being charged with defrauding at least 150 people out of $35 million in a “Ponzi-like scheme,” according to a statement from the office of the U.S. attorney for New Jersey. In addition to Weinstein, the office charged Aryeh “Ari” Bromberg, 49, and Joel Wittels, 57, also of Lakewood;…

Samsung heir Lee Jae-yong — known in the West as Jay Y. Lee — has won a presidential pardon by South Korean president Yoon Suk-yeol, allowing the grandson of Samsung’s founder to resume leadership of the powerful conglomerate, Bloomberg reports. The pardon will be formalized on August 15th. The presidential pardon is reminiscent of the two given to Lee’s father, Lee Kun-hee, who was convicted of corruption and tax evasion in 1996 and 2008. “In a bid to overcome the economic crisis by revitalizing the economy, Samsung…

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being found guilty of bribing former South Korean President Park Geun-hye’s aide to force the merger of Samsung C&T and Cheil Industries merger. After Samsung heir spent 1.5…

Last updated: July 20th, 2022 at 14:31 UTC+02:00 South Korean business leaders want Samsung heir Lee Jae-yong to be pardoned and free from all post-prison restrictions. The Samsung leader was sentenced to 2 and a half years in prison and released on parole in August last year, but whether or not President Yoon Suk-yeol will grant a full pardon remains unknown. Samsung’s de-facto leader was sentenced to jail for a bribery case involving former South Korean President Park Geun-hye. After he was sentenced to 2 and a half…