June 4, 2014
Man Charged with Impersonating Assistant US Attorney
Las Vegas, NV – Nevada Attorney General Catherine Cortez Masto announced the sentencing of Jamal Eljwaidi (a.k.a Jean Marc Eljwaidi), 46, of Las Vegas, in relation to securities fraud and identity theft.
“The defendant stole and used the identity of an Assistant U.S. Attorney to perpetuate the scams”, said Masto. “We urge Nevadans to exercise caution when deciding to invest money with any individual, but especially in cases in which a person makes unverifiable representations about their underlying assets.”
“Mr. Eljiwadi is a serial offender who brazenly flaunted the law time and time again, even after multiple convictions,” said Secretary of State Ross Miller, whose office investigated the case. “I am committed to using every resource available to my office to investigate and build the strongest possible case against perpetrators of fraud.”
Eljwaidi, who was sentenced on May 28, will receive a term of a maximum of ten years in prison and a minimum of four years, and has been ordered to pay $841,000 in restitution. The defendant pled guilty to one count of identity theft, a category B felony. This plea was entered in connection with his role in operating a multi-victim scam, in which he falsely promised significant returns in order to convince his victims to invest money with him, then stole and utilized the identity of an Assistant United States Attorney to further perpetuate this fraud.
The case was prosecuted by Senior Deputy Attorney General Sam Kern of the Nevada Attorney General’s Fraud Division within the Bureau of Criminal Justice. If you feel you have been involved in a securities fraud scam, file a complaint with the Nevada Office of the Secretary of State here: http://www.nvsos.gov/index.aspx?page=193.