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Lakewood Man Pleads Guilty As Part of Ponzi Scheme

George Hodan/Public Domain

A Lakewood man has admitted to five counts in federal court. Joel Wittlels is the fourth person with the guilty plea to commit securities fraud with Eli Weinstein. Wittlels worked with Weinstein, who was sentenced to 24 years in federal prison after defrauding investors as part of a $230M Ponzi scheme.

Wittels also please guilty to one count each of conspiracy to obstruct justice and to engage in the unlicensed wholesale distribution of prescription drugs.

Eli Weinstein served less than eight years of his sentence before having his time commuted by then President Donald Trump on the full day of his term on January 19, 2021.

Music host (Sun. 7p-10p), host of Brookdale Beat podcast, Advisor to Brookdale Student Radio & Station Manager. During some weeks he gets relief during the first hour of his shift for a Guest DJ. He’s been in radio for since 1993 and is a proud husband and father of 3.