Boris Chusid

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    Receiver for Le Club Prive fraud recovers 100 cents in the dollar for victims

    December 11, 2007
    More than 1,600 victims of an investment scam known as Le Club Prive have received their entire principal back due to a four-year asset recovery effort by the scheme's Receiver, Joseph J. Wielebinski. In his final report to the U. S. District Court for the Northern District of Texas on September 28, 2007 - 85 months after his appointment, Wielebinski stated that approximately $15 million had been distributed to 1,616 victims.

    Caribbean Bank of Commerce boss sent to prison

    July 31, 2001
    Eugene Chusid, who has recently been implicated in an investment scam known as Le Club Privé, has been imprisoned for 37 months for another fraud involving the Caribbean Bank of Commerce, of Antigua.Chusid was also fined $250,000 and ordered to pay restitution of $360,000 when he was sentenced at the US District Court for the Southern District of New York on July 17, 2001.