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Greenwich resident Leonid “Lenny” Pollak, 58, has pleaded guilty in federal court in New Haven to one count of wire fraud related to an investment fraud scheme and one count of illegal monetary transactions, John Durham, the United States Attorney for the District of Connecticut, announced this week.
Pollak owned a Norwalk-based company that organized trade shows and expositions throughout the country. In 2013, Pollak convinced an acquaintance to invest $290,000 in a new business venture that was supposed to provide similar services in Ukraine.
Durham said that instead of building a business overseas, Pollak spent nearly all of it on unrelated business and personal expenses, including his home mortgage loan, groceries, clothes, cars and private school tuition.
Pollak was arrested on Sept. 20 last year and remains released on a $200,000 bond. He is scheduled to be sentenced on June 10, when he will face up to 30 years in prison.
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