|
White Collar Crime, a term reportedly first coined in 1939, is synonymous with the full range of frauds committed by business and government professionals.
|
|
|
|
-
DAVID HARRY WEINREB
Securities Fraud (Six Counts); Wire Fraud (Six Counts)
|
David Harry Weinreb is wanted for allegedly initiating a stock loan fraud scheme with losses of approximately $7.6 million. Beginning in approximately November of 2008, Weinreb, doing business through his company Dauphin Finance, allegedly offered stock loans to at least seven investors. Under the terms of Dauphin's stock loans, a client pledged various securities as collateral for the loan. In return, the client received between 80 and 95 percent of the value of the pledged securities in a loan amount. The key sales point that made Dauphin so attractive to its clients was the fact that the pledged securities were not to be sold. In reality, however, Weinreb immediately sold or caused the sale of the shares upon receipt of the clients' pledged securities. An arrest warrant for Weinreb was issued by the United States District Court, Southern District of New York, on December 16, 2011, after he was charged with six counts of securities fraud and six counts of wire fraud. Weinreb is believed to have fled the New York area on or about February 14, 2011.
Weinreb is known to speak English, German, Hebrew, and some Chinese. He may travel to Chicago, Illinois; the Denver, Colorado area; Miami, Florida; Tel Aviv, Israel; Brazil; and Chile. Weinreb may abuse alcohol.
Weinreb has scars on his abdomen, left ankle, leg, and near his right eye.
- David Harry
- Herbert Weinreb
- David Weinkeb
- Joe Alexander
- Joseph Cohen
| Date(s) of Birth Used: |
February 27, 1970;
July 14, 1972
|
Hair: |
Brown |
| Place of Birth: |
Colorado |
Eyes: |
Green |
| Height: |
6'3" |
| Weight: |
225 to 240 pounds
|
Sex: |
Male |
| Race: |
White |
| Nationality: |
American |
|
|
|
