Brooklyn financial advisor Marat Likhtenstein is facing charges for orchestrating a Ponzi scheme that allegedly defrauded 10 investors out of nearly $1.24 million. Prosecutors claim he misused client funds for personal expenses and to pay off earlier investors instead of investing in the promised high-return business opportunities. DA Eric Gonzalez warns potential investors to be wary of offers that guarantee high returns without transparent business details. The investigation commenced after a complaint was lodged with the Brooklyn District Attorney's Action Center. Likhtenstein currently awaits his next court appearance on May 21.
Prosecutors allege that instead of investing client's funds in business opportunities, Likhtenstein used the money for personal expenses and to make partial payments to earlier victims of the Ponzi scheme.
Between November 2015 and March 2025, Likhtenstein allegedly told investors he could not disclose details about supposed business opportunities but guaranteed 20% interest on their investments.
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