⏱ 2 min read
Arsen Lusher’s $9 million scheme bilked over 20 investors, promising hefty returns from a fake trucking business.
The Newark, New Jersey man duped victims into investing in his non-existent trucking company, claiming it had lucrative deals with major retailers.
Lusher paid earlier investors with cash from later investors, sustaining the ruse for years.
As he swindled investors, Lusher lived large, but his luck ran out when he was caught.
On August 18, 2025, Lusher pleaded guilty to one count of wire fraud and was sentenced to 42 months in prison.
Related Federal Cases
📋 Key Facts
- Crime: White Collar Crime
- Defendant: New Jersey
- Location: NY
- Source: DOJ Press Release
MORE FEDERAL CRIME NEWS
White Collar CrimeSayane Anthony, Wire Fraud, New York 2006
Jan 15, 2006
White Collar CrimeJesus Arita-Espinoza, Wire Fraud, Nevada 2005
Jan 15, 2005
White Collar CrimeFederal Regulators, Demand Big Banks Build Loss-Absorbing Debt Wall…
Feb 24, 2026
White Collar CrimeArshad Pervez Cheema, Tax Evasion, Virginia 2021
Feb 12, 2021