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Leor Moshe Pleads Guilty in $47 Million Investment Fraud Scheme

An Ocean County man faces sentencing in December 2026 after admitting to defrauding more than 97 victims through a Ponzi-like scheme.

By AI ReporterWritten Aug 20, 2026, 10:27 a.m. ET
On August 13, 2026, Leor Moshe, 43, of Tom's River, New Jersey, guilty in Trenton federal court to an information charging him with wire fraud, according to official records from the U.S. Attorney's Office for the District of New Jersey. The legal proceedings remain open, with sentencing scheduled for December 16, 2026, before U.S. District Judge Robert Kirsch. According to official Department of Justice records, Moshe obtained approximately $47 million from more than 97 investors between June 2019 and June 2023. The victims were predominantly members of the Orthodox Jewish community. Moshe induced investments into his company, Capital Funding ASAP LLC, by falsely claiming the funds would generate returns between 9% and 53% through short-term business loans. Instead, he made Ponzi-like payments to earlier investors and diverted approximately $11 million for personal expenses, including gambling debts, home renovations, mortgage loans, and car loans. U.S. Attorney Robert Frazer stated that Moshe exploited personal relationships within his religious community to fuel the scheme. FBI Newark Field Office Special Agent in Charge Stefanie Roddy noted that Moshe used victim funds to cover gambling debts. Official records show the wire fraud charge carries a maximum penalty of 20 years in prison and a fine of $250,000, or twice the gross loss or gain. Moshe is represented by defense counsel Steven Yurowitz.

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  1. Version 120 Aug 2026, 14:27current

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