Man Charged With Trucking Company Ponzi Scheme Pled Guilty Gets 42 Months US Asked 51

Man Charged With Trucking Company Ponzi Scheme Pled Guilty Gets 42 Months US Asked 51 by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, April 24 – The prosecutors of the U.S. District Court for the Southern District of New York late on October 25 announced "the arrest of ARSEN LUSHER, who orchestrated a scheme to defraud more than 20 investors of more than $5 million."    By then Inner City Press was in the SDNY Magistrates Court, where Lusher was being presented, his wife and daughter in the gallery, no other media. Thread: AUSA: We want electronic  monitoring, and defendant's Ukraine passport if he has one. He could flee to Ukraine, the country of his birth. Individual-1 fled there. Judge: Mr. Lusher dud not flee. AUSA: He brought in $40 million. [Woman in gallery shakes head]  AUSA: He gambles on FanDuel and in Atlantic City. We found luxury watches this morning. He has used other people's identities. Judge: Many fraudsters do.   While the US Attorney's Office sought location monitoring, emphasizing that Lusher was born in Ukraine, Magistrate Judge Gary Stein turned them down, finding it unlikely he would seek to return there.   But Lusher's request for travel to South Florida to renovate his in-laws' condo as a rental property was denied.  On November 6 his counsel wrote in to Magistrate Judge Willis asking for permission to travel to Florida November 11-14 to "open a compounding pharmacy." It was approved. On November 13 Lusher's counsel asked for and got a 1 week extension to meet conditions, and the switch of security from Lusher's house to that of his father in Sunny Isles. On August 18, 2025 Lusher pled guilty to Count 1 of an information. The US asked for 51 months in prison before a sentencing set for April 24. On April 24, he got 42 months.  The case is now USA v. Lusher, 1:25-cr-373 (Ho) *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com SDNY Press Room 500 Pearl Street, NY NY 10007 USA Mail: Box 130222, Chinatown Station, NY NY 10013 Reporter's mobile (and weekends): 718-716-3540 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2025 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com