Rockland County Man Pleads Guilty To Defrauding Investors In Investment Scheme
United States Attorney Office -Southern District of New York
United States Attorney for the Southern District of New York, Jay Clayton, announced that SOLOMON LICHTENSTEIN pled guilty today before U.S. Magistrate Judge Victoria Reznik to securities fraud in connection with a scheme to defraud investors in two investment vehicles he managed and promoted.
“Solomon Lichtenstein solicited and received millions of dollars from friends, relatives, and members of his community on the back of false statements and misrepresentations regarding his investment qualifications and strategy, track record, and returns,” said U.S. Attorney Jay Clayton. “When investment advisers abuse the trust of their clients and use New Yorkers’ hard-earned money for their personal benefit, our Office will hold them criminally accountable.”
