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Posted: 2:56 pm Monday, July 31st, 2017
A Long Island firm used Jay-Z name to get nearly $70 million from investors who thought they were part of Jay- Z Roc Nation.
It was similar to a Bernie Madoff- style type of scheme from Cardis International.
Cardis International is based at Cedarhurst in Nassau County and is being prosecuted for fraud.
An exec for Jay-Z named Briant Biggs has confirmed that the statement from Cardis International is completely false.
According to NY PostNY Post, “Investor Dvora Weinstein said co-founder Aaron Fischman lured her into investing $300,000 in Cardis” . At the time Cardis was in $3 million dollars in debt.
The lawyers for Cardis has said that they had no idea that their was no request from the government.