Wethersfield, CT – Authorities say a Wethersfield man is charged with running a 12-year scheme that defrauded investors of more than $20 million.
Subscribe to our Daily Roundup Email
Thirty-eight-year-old Michael Goldberg was arrested today and appeared in U.S. District Court in Hartford, where he was released on $1 million bond.
Prosecutors say he falsely claimed his company, Acquisitions Unlimited Group, was liquidating assets held by JP Morgan Chase and that clients could get hefty returns by investing.
Authorities say he defrauded investors in Connecticut, New York, Florida, Arizona, California and Vermont. He is charged with using interstate wires to promote a fraudulent scheme and faces up to 20 years in prison if convicted.
The FBI wants people who believe they are victims of this Ponzi scheme to call them by dialing, 203-777-6311.
Not again
is he misheluni?
Where are all the yoshkas who swear they know this guy and he is a ‘tzadik gomur?
Wow, us Jews….nebach, this is crazy already!
It’s about time that we all realize that all investments are basically a ponzi scheme. Some hold out longer than others. All those people who invested in Citigroup and lost 90% of their money didnt fair much better than Madoffs investors. Its the same story here. the lesson here is that you cant hope to earn a living by simply having your money work for you. The best you can expect from an investment is to preserve your priciple and earn you enough to stay one step ahead of inflation.
don’t worry #1 , there won’t be too many whingers, because this guy is not a frummer yid. It’s very hypocritical that people carry on about Mr. Rubashkin, and not worry about the other Jews facing jail time.
It seems that all investments now days are fraud. The banks the stock market real estate oil next is gold its all full of hot air the first few people to invest make a profit and the rest lose their money. Typical MLM
Pidyon shevuom or rather PIDYON GANOVIM. All this is happening because of the bleeding heart frummies always screaming we have to free them from jail, the message has to get across that if you steal you will do hard time
Maybe hell go snitching and FBI will drop the case
All the investments are a scam. If you have money, you have to invest it in real state , in a business, or just have a cd. Stocks are a scam, all of them!Take the money out of the stock market!!!!!!
Hey, I knew this kid at WHS, one year older than me. He graduated in 1989 was a good football player. His dad was on the Wethersfield Police Department. Another Graduate of the same year from WHS got arrested about 8 months ago for embezzlement (Johnathon Cathcart) about 1 million. Must have been a bad class year??????? I don’t remember him being Jewish!!
He is not jewish. I know him and he happens to be a very good person who did a very stupid thing. There are absolutely no excuses for what he did, but Michael is a good man. I pray for his family.
His Father is Jewish and his Mother is Irish.