Date: 10-31-2024

Case Style:

United States of America v. Eli Schamovic

Case Number:

Judge: Susan D. Wigenton

Court: The United States District Court for the District of New Jersey

Plaintiff's Attorney: The United States Attorney’s Office for Trenton

Defendant's Attorney:

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Description:

Trenton, New Jersey criminal defense lawyer represented the Defendant charged with Money Laundering
Ocean County Man Sentenced to Two Years in Prison for Money Laundering

An Ocean County, New Jersey, man was sentenced to 24 months in prison for illegally laundering the proceeds of a wire fraud scheme, U.S. Attorney Philip R. Sellinger announced.

Eli Schamovic, 43, of Lakewood, New Jersey, previously pleaded guilty before U.S. District Judge Kevin McNulty to an information charging him with money laundering. U.S. District Judge Susan D. Wigenton imposed the sentence today in Newark federal court.

According to documents filed in the case and statements made in court:

Schamovic made or caused others to make numerous fraudulent financial transactions through at least two entities that Schamovic formed and established as merchants that used multiple credit card processing companies. These transactions resulted in more than $1 million in losses to a multinational financial services corporation that specialized in payment cards. Schamovic laundered portions of the proceeds of this scheme, including through an approximately $500,000 wire transfer from a bank account under his control.

In addition to the prison term, Judge Wigenton sentenced Schamovic to three years of supervised release and ordered restitution of $1.68 million.

U.S. Attorney Sellinger credited postal inspectors with the U.S. Postal Inspection Service in Newark, under the direction of Inspector in Charge Christopher A. Nielsen, Philadelphia Division; special agents of the FBI, under the direction of Acting Special Agent in Charge Nelson I. Delgado in Newark, and special agents of IRS-Criminal Investigation, under the direction of Special Agent in Charge Jenifer L. Piovesan Newark, with the investigation leading to the sentencing.

The government is represented by Assistant U.S. Attorney Andrew Kogan of the U.S. Attorney’s Office Cybercrime Unit in Newark.

Outcome:

Defendant was found guilty and sentenced to 24 months in prison

Plaintiff's Experts:

Defendant's Experts:

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