SEC v. Eliyahu Weinstein, Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson, Alaa Mohamed Hattab, and Shlomo Erez (ponzi schemes, 2024)

Alleged — pending

These are allegations. SEC has filed an action; nothing in it has been proven, and the respondents have not been found liable. Everything described on this page is what the regulator alleges, not what a court has found. See our editorial policy.

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-eliyahu-weinstein-aryeh-l-bromberg-joel-l-wittels-richard-m-curry-christophe) by email

In July 2024 the SEC charged Eliyahu Weinstein, Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson, Alaa Mohamed Hattab, and Shlomo Erez. An amended complaint adds Erez to an action alleging a $38 million Ponzi-like scheme selling purported healthcare product deals, run in the name of twice-convicted Weinstein, with investor money used for Ponzi-like payments to earlier investors. Erez is charged with aiding and abetting; remedies sought include injunctions and bars.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on July 15, 2024 as release LR-26049. An amended complaint adds Erez to an action alleging a $38 million Ponzi-like scheme selling purported healthcare product deals, run in the name of twice-convicted Weinstein, with investor money used for Ponzi-like payments to earlier investors. Erez is charged with aiding and abetting; remedies sought include injunctions and bars.

This library tags the matter as a Ponzi scheme because the document describes returns to earlier investors paid from later investors' money, as alleged or found. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

A parallel criminal proceeding is referenced. Civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

This matter is at the allegation stage. Nothing in the regulator's filing has been proven, and the respondents are entitled to the presumption that it has not been.

Checked on 2026-10-04: no outcome found on SEC pages or the court docket. The docket (D.N.J. 3:23-cv-03848) shows a January 2025 stipulation under which the defendants need not answer the amended complaint until the stay is lifted or the related criminal cases are resolved, and only status reports and attorney withdrawals through July 2026, with no judgment, settlement or dismissal. This record should be read as the SEC's civil case only; it does not report the criminal outcomes.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2024-07-15 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release
• Docket, SEC v. Weinstein (D.N.J. 3:23-cv-03848), via CourtListener

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. If this matter has since resolved, been withdrawn or been dismissed, we want to know: submit a correction.