3 charged in Facebook shares scam - Philadelphia News, Weather and Sports from WTXF FOX 29

3 charged in Facebook shares scam

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NEWARK, N.J. (AP) -- Federal prosecutors in New Jersey say three men stole more than $6.5 million from an investor, in part, by claiming they had special access to Facebook shares before the company went public.

Prosecutors say 63-year-old Aaron Muschel of Brooklyn, N.Y., and 47-year-old Alex Schleider and 37-year-old Eliyahu Weinstein, both of Lakewood, N.J., are charged with stealing approximately $6.7 million from the investor.

The U.S. Attorney's Office for New Jersey says Weinstein pleaded guilty in January to money laundering and wire fraud conspiracy charges after admitting his role in what authorities say was a $200 million real estate fraud scheme. He faces up to 25 years in prison on those charges.

The three are due in federal court in Newark Tuesday afternoon.

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