A Greenwich man pleaded guilty on Monday in New Haven federal court to offenses related to an investment fraud scheme.
According to court documents and statements made in court, Leonid “Lenny” Pollak, 58, owned a Norwalk-based company that organized trade shows and expositions throughout the US.
In mid-2013, Pollak induced an acquaintance to invest money in a new business venture that was supposed to organize similar expositions in the Ukraine. Instead of using the money to build the new business, Pollak spent as much as $250,000 on unrelated business and personal expenses, including his home mortgage loan, groceries and clothing, automobiles, and private school tuition.
Pollak pleaded guilty to one count of wire fraud, an offense that carries a maximum term of imprisonment of 20 years, and one count of illegal monetary transaction, an offense that carries a maximum term of imprisonment of 10 years.
He is scheduled to be sentenced by US District Judge Janet C Hall on June 10, 2019.
Pollak was arrested on September 20, 2018. He is released on a $200,000 bond pending sentencing.
The announcement was made by John H. Durham, United States Attorney for the District of Connecticut.
This matter is being investigated by the Greenwich Police, the FBI, and the IRS Criminal Investigation Division, with the assistance of the US Secret Service.
The case is being prosecuted by Assistant US Attorneys Christopher W. Schmeisser and Pilar Gonzalez.