Leor Moshe's pitch was short-term loans to small businesses, with returns that ran as high as 53%. From 2019 to 2023 he sold it through his company, Capital Funding ASAP LLC, mostly to Orthodox investors in and around Lakewood and Toms River.
In mid-August 2026, Moshe, 43, of Toms River, pleaded guilty to wire fraud before U.S. District Judge Robert Kirsch in Trenton. Federal prosecutors say he took in about $47 million from more than 97 victims and spent about $11 million on himself: gambling debts, home renovations, mortgage and car payments. Sentencing is set for December 16. The maximum is 20 years.
U.S. Attorney Robert Frazer said Moshe "turned the trust of his own religious community into a tool for fraud." VIN and The Jewish Press both covered the plea.
The salesmen
The same day prosecutors announced the plea, the SEC sued Moshe and two other Toms River men, Jacob Goldman, 44, and Isaac Odes, 40. The SEC says Goldman and Odes sold the investments without being registered as brokers. None of the three ever held a securities license.
Odes brought in at least 10 investors and more than $16 million, and was paid more than $1.7 million in commissions of 5% to 25%, the SEC says.
Goldman brought in at least 15 investors and more than $7 million, and received more than $7 million, the SEC says. He became the company's second member in April 2023.
The SEC says Moshe and Goldman invoked the Fifth Amendment during its investigation. The civil case is pending. Goldman and Odes have not been charged with a crime.
The warning nobody heard
In December 2023, an investor called Blueberry Funding LLC filed suit in Ocean County Superior Court. It alleged a $2 million investment structured as a shtar iska, a falsified bank statement, and payments to brokers. That suit was on file more than two and a half years before the guilty plea. We found no ruling in it.
The numbers don't match
Prosecutors count more than 97 victims and a June 2019 start. The SEC counts at least 87 investors and a November 2019 start, with losses above $25 million.
How we reported this: from the Justice Department's August 13 release and charging document, the SEC's complaint (No. 3:26-cv-10253), the Ocean County civil filing, and coverage by VIN, The Jewish Press and NJ Globe. The civil claims against Goldman and Odes are allegations. Victims who want to talk: [email protected].