Serial Con Artist Sentenced to More Than 9 Years in Federal Prison for $6.7 Million Swindle of [View all]

[TexasTowelie]

Serial Con Artist Sentenced to More Than 9 Years in Federal Prison for $6.7 Million Swindle of Investors, Family and Friends


LOS ANGELES – A West Hollywood man has been sentenced to 110 months in federal prison for defrauding investors, lenders, friends and family members out of approximately $6.7 million, including via a series of scams he ran while out on bond after pleading guilty in a prior federal case.

Jeffrey Craig Yohai, 37, was sentenced late Friday by United States District Judge André Birotte Jr., who, when describing Yohai, said, “This is an individual who has an evil mind.” Judge Birotte also ordered Yohai to pay $6.7 million in restitution to his victims.

Yohai pleaded guilty to two counts of conspiracy to commit wire fraud, stemming from two separate cases.

The first case, which resulted in a guilty plea in February 2018, involved more than $6 million in real estate loans and investments that supposedly would be used to purchase and rehabilitate properties in the Hollywood Hills and New York City. Yohai defaulted on the loans and the properties went into foreclosure – which Yohai tried to delay with bankruptcy filings.

Read more: https://www.justice.gov/usao-cdca/pr/serial-con-artist-sentenced-more-9-years-federal-prison-67-million-swindle-investors