54-year-old Richard Zeitlin pleaded guilty to wire fraud conspiracy for misleading donors, diverting 90% of funds to his businesses and PACs, and faces 10-13 years in prison.
Richard Zeitlin, 54, from Las Vegas, pleaded guilty in Manhattan federal court to conspiracy to commit wire fraud for a telemarketing scam that misled donors into contributing tens of millions of dollars to charities. Between 2017 and 2020, up to 90% of the funds raised were diverted to Zeitlin's businesses and political action committees (PACs). He agreed to forfeit $8.9 million and faces 10 to 13 years in prison, with sentencing set for December 10.
September 15, 2024
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